USD vs INR, Oct. 10 -- In a bid to support the Indian National Rupee (INR) against the US Dollar (USD), the Reserve Bank of India (RBI) has opened a special facility for the three state-run Oil Manufacturing Companies (OMCs). The facility will take effect on Monday, 12th October 2026. In this facility, the three oil PSUs - Indian Oil Corporation Ltd, Hindustan Petroleum Corporation Ltd, and Bharat Petroleum Corporation Ltd - will be able to meet the entire daily dollar requirement for oil purchases. The RBI made this announcement on Saturday, 10 October 2026.

The RBI made this announcement on Saturday, saying, "On the basis of an assessment of current market conditions, the Reserve Bank of India has decided to open a special window to me...