RBI opens dollar window for three state-run oil firms
In short
The RBI said it will provide dollars to three state-run oil firms: Indian Oil, Hindustan Petroleum and Bharat Petroleum. The facility starts on October 12, 2026, and will cover their full daily dollar needs.
This may help the companies keep operations smooth when market conditions are tight. The RBI did not say how long the window will stay open beyond “until further notice.”
What the reporting says
The RBI opened a special dollar window for Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation to meet their entire daily dollar requirements. The official release says the facility is based on current market conditions and will operate through designated banks from October 12, 2026, until further notice. The immediate consequence is easier access to dollars for the three public sector OMCs, while the longer-term market impact is not stated.
Why it matters
The reported event is the RBI’s decision to open a special USD window for three public sector oil marketing companies: Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation. The official release says the facility will meet their full daily dollar requirements through designated banks from October 12, 2026, until further notice. What is not stated is the trigger beyond current market conditions or the volume of dollars involved.