RBI announces special window for Public Sector Oil Marketing Companies to meet dollar requirements

On the basis of assessment of current market conditions, Reserve Bank of India has decided to open a special window to meet the entire daily dollar requirements of three public sector oil marketing companies (OMCs), viz. Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited. Under the facility, the Reserve Bank will undertake sale of USD to the public sector OMCs through designated bank/s. The facility will come in effect from October 12, 2026 (Monday) and will remain in place until further notice. (Brij Raj) Chief General Manager Pres

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