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RBI dollar window to shield rupee from oil import ...

Minute mirror

By Bilal Javed

12 hours ago 4 views

RBI dollar window to shield rupee from oil import ... — Photo credit: Minute mirror

Summary

An RBI dollar window will now cover the full daily dollar needs of three state oil firms, as India’s central bank moved to ease pressure on a weak rupee.
How the RBI dollar window worksDesignated banks will handle the sales, with the RBI providing the dollars to the three firms.
As a result, the RBI dollar window will keep their daily demand out of the spot currency market.

AI Generated Summary

An RBI dollar window will now cover the full daily dollar needs of three state oil firms, as India’s central bank moved to ease pressure on a weak rupee.

The Reserve Bank of India announced the step on Saturday, along with a set of tighter rules for the currency market. On Friday, the currency ended trading at 96.71 per dollar.

The window covers Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation. It takes effect on October 12 and will stay open until further notice.

How the RBI dollar window works

Designated banks will handle the sales, with the RBI providing the dollars to the three firms. As a result, the RBI dollar window will keep their daily demand out of the spot currency market.

Oil companies rank among the largest buyers of dollars, because India imports much of its crude oil. Their demand can weigh on the rupee, especially when global oil prices rise.

Originally published by Minute mirror on Oct 10, 2026 Read the full article at minutemirror.com.pk

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