📷 Image: Wikimedia Commons / Ministry of Finance of India
Business
RBI opens special dollar window for PSU oil marketing companies to bolster rupee
✍️ Tripuratimes
🗓 11 Oct 2026, 03:46 AM
👁 16
The Reserve Bank of India has introduced a dedicated dollar window for public‑sector oil marketing corporations, aiming to ease foreign exchange pressure on the rupee.
New Delhi – The Reserve Bank of India (RBI) announced the launch of a special dollar window exclusively for public‑sector oil marketing companies (PSU OMCs). The facility is intended to provide these firms with a direct channel to obtain US dollars, thereby reducing their reliance on the inter‑bank market and mitigating rupee volatility.
Under the new arrangement, eligible PSU OMCs can access dollars at market‑determined rates, with the RBI acting as the counterpart. The move comes amid heightened foreign‑exchange stress, as the rupee has faced depreciation pressures due to global oil price fluctuations.
RBI officials said the window will help stabilise the rupee by ensuring a steady supply of foreign currency to a sector that imports large volumes of crude oil. The central bank expects the measure to complement existing liquidity tools and support overall market confidence.
The RBI has not disclosed the exact volume of dollars that will be made available through the window, but it indicated that allocations will be reviewed periodically based on market conditions and the financing needs of the PSU OMCs.
Under the new arrangement, eligible PSU OMCs can access dollars at market‑determined rates, with the RBI acting as the counterpart. The move comes amid heightened foreign‑exchange stress, as the rupee has faced depreciation pressures due to global oil price fluctuations.
RBI officials said the window will help stabilise the rupee by ensuring a steady supply of foreign currency to a sector that imports large volumes of crude oil. The central bank expects the measure to complement existing liquidity tools and support overall market confidence.
The RBI has not disclosed the exact volume of dollars that will be made available through the window, but it indicated that allocations will be reviewed periodically based on market conditions and the financing needs of the PSU OMCs.