RBI opens special dollar window for oil-marketing companies
RBI announced additional measures to support the rupee, including a special window to meet daily dollar needs of three government oil-marketing companies.
The Reserve Bank of India said on Saturday it is taking additional steps to support the rupee after the currency fell to within striking distance of its record low. The RBI will open a special window to meet the daily dollar requirements of three government oil-marketing companies in a move aimed at easing pressure on the currency.