You can do this with a query:
select (case when city = 'mumbai' then 'pune'
when city = 'pune' then 'mumbai'
else city
end)
. . .
If you want to change the values, then:
update table t
set city = (case when city = 'mumbai' then 'pune'
when city = 'pune' then 'mumbai'
end)
where city in ('mumbai', 'pune');
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