RBI opens special dollar window for OMCs to curb rupee depreciation
· rediff.com
The Reserve Bank of India has opened a special dollar window for three public sector oil marketing companies (OMCs) to meet their daily dollar requirements, aiming to curb the rupee's depreciation amidst global economic uncertainty. Additionally, the RBI has introduced new regulatory measures for the foreign exchange market, including reducing the threshold for derivative transactions without underlying exposure and introducing a Foreign Exchange Risk Reserve (FERR).
The Reserve Bank of India has introduced a special dollar window for three public sector oil marketing companies and tightened foreign exchange market regulatio...