Reserve Bank opens a special window to meet the full daily dollar needs of three public sector oil marketing companies
15 October 2026
The Reserve Bank of India has announced a special window to cover the full daily dollar requirements of three public sector oil marketing companies.
The companies are Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited.
Under the facility the Reserve Bank will sell US dollars to these companies through designated banks.
The window took effect on Monday, October 12, 2026, and will continue until further notice.
The announcement was issued as Press Release 2026-2027/1306 on October 10, 2026.
Companies covered:
Indian Oil, Hindustan Petroleum, Bharat Petroleum
Effective from:
October 12, 2026
Duration:
Until further notice
Why it matters for exams: A special dollar window for oil companies is a classic example of central bank intervention in the currency market.
Kerala PSCUPSCBank
In plain words
Designated banks Designated banks — The banks through which the Reserve Bank routes the dollar sales under this window.