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RBI’s oil forex window set to fuel rupee recovery
April 17, 2026
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Posted 4 hours ago by
The Reserve Bank of India has opened a special foreign exchange window to supply dollars to state-run refiners, easing pressure on the rupee. This move, likely routed through state-run lenders, aims to reduce the significant daily dollar demand from oil companies. Analysts expect this intervention to lead to rupee appreciation.
Economic Times
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India
Bias: center
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