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Written by CA. Ishaan Bagaria

CA. Ishaan Bagaria works closely with traders and service enterprises on accounting systems, GST compliance, and reporting processes. His focus is on improving record accuracy and simplifying day-to-day financial management.

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RBI announces special window for Public Sector Oil Marketing Companies to meet dollar requirements

By CA. Ishaan Bagaria   |   13-10-2026 11:30:00

On the basis of assessment of current market conditions, Reserve Bank of India has decided to open a special window to meet the entire daily dollar requirements of three public sector oil marketing companies (OMCs), viz. Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited. Under the facility, the Reserve Bank will undertake sale of USD to the public sector OMCs through designated bank/s. Read More

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