Economy · India
RBI Opens Dollar Window for Oil Firms Amidst Rupee Pressure
The Reserve Bank of India (RBI) has established a special window for oil companies to purchase dollars, aiming to alleviate pressure on the Indian rupee. This measure is part of a two-pronged strategy by the RBI to support the rupee, which also includes curbs on forex derivatives. The initiative is intended to help oil firms meet their foreign exchange needs.
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