RBI to Meet Dollar Needs of Three State-Run Oil Companies
The Reserve Bank of India will meet the entire daily dollar requirements of Indian Oil, Bharat Petroleum and Hindustan Petroleum from October 12.
The Reserve Bank of India (RBI) said it will meet the full daily dollar needs of Indian Oil, Bharat Petroleum and Hindustan Petroleum from October 12, addressing one of the foreign-exchange market’s largest recurring sources of demand.