BusinessPhoto: Moneycontrol.comRBI Opens Dollar Window to Support Rupee Amid Rising Oil Prices
The Reserve Bank of India (RBI) has opened a special dollar window for public sector oil companies to meet their daily foreign exchange needs as oil prices rise above $100 per barrel. This move aims to support the rupee by curbing speculative bets in the forex market. RBI has also tightened forex derivative rules to regulate hedging and cancelled trades.
Moneycontrol.com·


