India may consider dollar window for oil firms, bonds to ease rupee pressure
Updated : September 20, 2018 10:57 AM IST
The rupee is Asia’s worst performing currency this year.
"We could ask the Reserve Bank of India to earmark $8 billion to $10 billion a month separately for the public sector oil companies," unnamed sources quoted by Reuters said.
During a 2013 currency crisis, a separate window for oil companies in which the central bank sold dollars to importers on a forward swap basis without leading to a drain down on foreign exchange reserves helped push up the rupee.
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