RBI Opens Special Dollar Window for India's Oil Sector Amid Rising Crude Prices

By AI Summarizer•10 October 2026• 1 min read

The Reserve Bank of India has opened a special dollar window for three public sector oil marketing companies to cushion the pressure on India's oil sector, which is facing a surge in crude prices above $100 a barrel. The facility, effective October 12, 2026, will allow the companies to meet their entire daily dollar requirements. The move aims to reduce pressure on the rupee and ease the daily scramble for dollars faced by the oil companies.

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Source: indianexpress.com

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