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Right-click on the folder in the 'Folders' panel, select 'Open in subfolder mode'.
For more details, please have a look at the FastRawViewer manual, page 91, 'Working with subfolders (nested folders)'; page 163, 'Special browse modes', covers the relevant settings.
The manual comes with FastRawViewer, it is a fully searchable standard PDF, and you can open it through FastRawViewer main Menu -> Help -> 'PDF manual'.