RBI announces new dollar facility for oil firms to support rupee

The Reserve Bank of India announced measures on Saturday to support the rupee, including a special dollar window.
From October 12, it will meet the full daily dollar needs of Indian Oil, Hindustan Petroleum and Bharat Petroleum.
The window stays open until further notice, with the central bank selling dollars through designated banks.
It also tightened currency hedging rules, with banks to keep cash reserves on larger derivative deals.

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