RBI opens special dollar window for three state-run oil companies from October 12
RBI convened with October 12 in focus.
· Business Today Mkts
Under the arrangement, the RBI will sell US dollars to the three public sector oil companies through designated banks. The facility is intended to ensure that the companies can meet their full daily foreign currency requirements for their operations.
Key facts
- Dates in focus
- October 12
Why it matters
- With RBI involved, this carries a regulatory dimension that can outlast the immediate market reaction.
Market context
- Sectors in the story: Banks.
Banks
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