RBI opens special dollar window for three state-run oil firms
· economictimes.indiatimes.com
The Reserve Bank of India has opened a special facility for three state-run oil marketing companies. This facility is designed to meet their full daily dollar requirements. The arrangement will continue until further notice based on the market conditions. Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation are the companies benefiting from this initiative. The RBI is providing US dollars through designated banks to ensure smooth operations.
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