RBI opens dollar window for IOC, HPCL and BPCL
In short
The Reserve Bank of India will start a special dollar window on October 12, 2026 for Indian Oil, Hindustan Petroleum and Bharat Petroleum. It will cover their full daily dollar needs through designated banks.
This matters because it should help the three state-run oil firms get dollars more smoothly. The RBI did not say how long the support will last or exactly what market problem led to the move.
What the reporting says
The Reserve Bank of India opened a special window for Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation to meet their full daily dollar needs, with the facility starting October 12, 2026. The central bank said the move is based on current market conditions and that dollars will be sold through designated banks. The duration is until further notice, but the reporting does not say what specific market stress triggered it.
Why it matters
The Reserve Bank of India opened a special dollar facility for Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation starting October 12, 2026. It said the window will meet the companies’ entire daily dollar requirements through designated banks and stay in place until further notice. The move affects the three PSU oil marketing companies directly, but the reporting does not state the exact pressure behind the decision.