これはクエリで実行できます:
select (case when city = 'mumbai' then 'pune'
when city = 'pune' then 'mumbai'
else city
end)
. . .
値を変更する場合は、次のようにします。
update table t
set city = (case when city = 'mumbai' then 'pune'
when city = 'pune' then 'mumbai'
end)
where city in ('mumbai', 'pune');