The RBI has opened a designated foreign exchange window to fulfill the complete daily dollar requirements of three public sector oil marketing companies: Indian Oil Corporation Ltd, Hindustan Petroleum Corporation Ltd, and Bharat Petroleum Corporation Ltd. The facility is scheduled to begin operations on October 12, 2026.
Additionally, the RBI has tightened regulations governing foreign exchange derivatives involving the Indian rupee (INR) and reduced the threshold from $100 million to $5 million across all Authorized Dealers (ADs).
In another update, the RBI has increased the minimum daily maintenance requirement of the Cash Reserve Ratio (CRR) for scheduled banks from 90% to 99% of the prescribed requirement, effective from the reporting fortnight beginning October 16, 2026.
