The Reserve Bank of India has opened a special foreign exchange window to supply dollars to state-run refiners, easing pressure on the rupee. This move, likely routed through state-run lenders, aims to reduce the significant daily dollar demand from oil companies. Analysts expect this intervention to lead to rupee appreciation.
RBI’s oil forex window set to fuel rupee recovery
The Reserve Bank of India has opened a special foreign exchange window to supply dollars to state-run refiners, easing pressure on the rupee. This move, li…
