RBI
RBI Opens Special USD Window for Three State-Run OMCs from October 12
10 October 2026 · Mint
The Reserve Bank of India has opened a special window to meet the entire daily dollar requirements of three public sector oil marketing companies—Indian Oil Corporation, Hindustan Petroleum Corporation, and Bharat Petroleum Corporation. The facility will be effective from October 12, 2026 and will continue until further notice.
Points to Remember
- RBI announced the special USD window on Saturday, October 10, 2026.
- The facility will be available to three OMCs: Indian Oil Corporation Ltd, Hindustan Petroleum Corporation Ltd, and Bharat Petroleum Corporation Ltd.
- Under the facility, RBI will sell USD to these OMCs through designated banks.
- The window takes effect on Monday, October 12, 2026 and will remain in place until further notice.
- The move aims to support the Indian Rupee against the US Dollar amid high crude oil prices.
Why it matters
This measure centralises dollar purchases for major oil importers through RBI, which can reduce pressure on the rupee in the open market. Bank employees may see changes in foreign exchange operations related to these OMCs.
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