Reserve Bank of India takes steps to support rupee, opens dollar window for oil companies
New Delhi, Oct. 10 -- India's central bank has announced more measures to support the rupee on Saturday after the currency fell to within striking distance of its record low.
* The Reserve Bank of India will open a special window to meet the daily dollar requirements of three government oil-marketing companies to ease the pressure on the spot market
* Under such an arrangement, used in times of strain on the currency, the RBI provides oil companies dollars directly from its foreign exchange reserves
* Indian Oil, Hindustan Petroleum and Bharat Petroleum will be allowed to access to access dollars under the facility from Monday, the RBI said
* Forex dealers will not permit users to rebook any foreign exchange derivatives, the bank said...
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