State-owned oil company
Appears in 1 story · Last updated Nov 4, 2026
One of three OMCs receiving direct dollar sales from RBI
The Reserve Bank of India cut the limit for forex derivative trades that lack proof of an underlying exposure from $100 million to $5 million, and imposed a 20% cash reserve on rupee-linked contracts above $2 million notional. The October 10 measures also barred rebooking of cancelled rupee contracts and opened a dollar sales window for three state oil firms.
Updated 7 days ago
No stories match your search
Try a different keyword
How would you like to describe your experience with the app today?
