RBI opens dollar window to support oil company imports
In short
The Reserve Bank of India is opening a special dollar window for Indian Oil, Hindustan Petroleum and Bharat Petroleum from Monday, October 12, 2026. The three oil firms will be able to get dollars through designated banks.
This matters because it may make it easier for the companies to pay for dollar needs. The reporting does not say how large the support is or when it will end.
What the reporting says
The Reserve Bank of India opened a special dollar window for Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation from Monday, October 12, 2026. It said the facility will meet the companies’ entire daily dollar requirements and will run through designated banks. The reporting does not say how much dollar supply is involved or how long the support will last beyond further notice.
Why it matters
The Reserve Bank of India decided to provide a special dollar window for three public sector oil marketing companies: Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation. The facility starts on October 12, 2026 and is meant to meet their entire daily dollar requirements through designated banks. It directly supports these oil companies, but the reporting does not say the amount of dollars involved or the reason for the move beyond current market conditions.