RBI opens USD window for public sector oil firms
In short
The Reserve Bank of India said it will start a special dollar window for three state-run oil firms on October 12, 2026. The firms are Indian Oil, Hindustan Petroleum, and Bharat Petroleum, and the RBI will sell dollars through chosen banks.
This could help the companies meet daily dollar needs more easily. The RBI did not say the exact amount of dollars involved or what specific market problem led to the move.
What the reporting says
The Reserve Bank of India opened a special window to meet the full daily dollar needs of Indian Oil Corporation, Hindustan Petroleum, and Bharat Petroleum on October 12, 2026, using designated banks. The central bank said the step was based on current market conditions. It will stay in place until further notice, but the reporting does not say the exact dollar amount or what specific pressure prompted the move.
Why it matters
The Reserve Bank of India said it will open a special window for Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation to cover their entire daily dollar requirements from October 12, 2026, until further notice. The facility will operate through designated banks. The reporting says the step follows an assessment of current market conditions, but it does not specify the underlying market strain or the size of the dollar demand.