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RBI opens oil forex window to cut rupee pressure and boost appreciation hopes
Economy
Published on 24 April 2026
Dollars for state refiners could tame daily oil demand
The Reserve Bank of India has launched a special foreign exchange window to provide dollars to state-run refiners, a step designed to ease rupee pressure. The supply is expected to be routed through state-run lenders, reducing the heavy daily dollar demand tied to oil imports. Analysts say the move could support rupee appreciation in the near term.
- RBI set up a special FX window for state refiners
- Dollar supply is expected via state-run lenders
- Move targets easing rupee pressure from oil-related demand
- Analysts project support for rupee appreciation
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times