RBI Forex Window Could Absorb $10–12 Billion in Monthly OMC Demand
Analysts said the RBI’s special dollar window for oil marketing companies could reduce transaction costs and ease pressure on the rupee. The body says the RBI announced the window on Saturday.
Analysts said the Reserve Bank of India’s special foreign-exchange window for oil marketing companies (OMCs) could ease pressure on the rupee by absorbing up to $10—12 billion in monthly dollar demand and lowering transaction costs. On Saturday, the RBI announced a special dollar window to meet daily foreign-exchange demand…