{
  "id": 13353299,
  "title": "RBI Opens Special Dollar Window, IOC, BPCL And HPCL Get Full Daily Forex Support",
  "url": "https://urgent.news/2026/10/10/rbi-opens-special-dollar-window-ioc-bpcl-and-hpcl-get-full-daily",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-10T06:40:04.000Z",
  "source": {
    "name": "Free Press Journal",
    "slug": "free-press-journal",
    "url": "https://www.freepressjournal.in/business/rbi-opens-special-dollar-window-ioc-bpcl-and-hpcl-get-full-daily-forex-support"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India has launched a special foreign exchange window to cater to the full daily US dollar requirements of three public sector oil marketing companies, starting October 12, 2026. The facility will operate indefinitely unless otherwise extended, according to the central bank’s announcement. The designated arrangement includes the Indian Oil Corporation, Bharat Petroleum Corporation, and Hindustan Petroleum Corporation. The Reserve Bank of India (RBI) opened the window following an evaluation of market conditions. Under the new facility, the central bank will directly sell US dollars to the state-run oil marketing companies through selected banks, bypassing open-market bidding for those dollars. The RBI will handle dollar sales through the chosen banks to facilitate the three companies' foreign exchange transactions. The decision comes after the RBI assessed prevailing conditions in currency and financial markets. The arrangement provides a dedicated channel for the oil marketing companies' dollar demands, shifting that demand away from their usual open-market sourcing. The announcement does not specify the daily transaction volumes or the projected impact on the rupee. The operations are set to start on Monday, October 12, with the three participating companies accessing the facility through designated banks. The RBI will supply their daily dollars until the arrangement is withdrawn.",
  "summary": "New Delhi: The Reserve Bank of India has announced a special foreign exchange window to meet the entire daily US dollar requirements of three public sector oil marketing companies. The facility will begin on October 12, 2026, and remain operational until further notice, according to the central bank’s statement. The arrangement covers Indian Oil Corporation , Bharat Petroleum Corporation and…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}