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The facility will meet the full daily dollar requirements of Indian Oil, HPCL and BPCL from 12 October, as the central bank seeks to ease pressure on the rupeeThe Reserve Bank of India (RBI) has opened a special dollar window to meet the entire daily foreign currency requirements of three state-run…
The move is aimed at easing pressure on the rupee amid rising crude oil prices, enabling Indian Oil Corporation Ltd (IOCL), Hindustan Petroleum Corporation Ltd. (HPCL) and Bharat Petroleum Corporation Ltd. (BPCL) to secure dollars for paying for oil imports, directly from the RBI through designated banks, helping them…
The Indian rupee rebounded nearly 1 per cent to around 95.80 against the US dollar on Monday from Friday