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of <h1>RBI Opens Forex Swap Window to Support Public Oil Companies' Dollar Needs; Aims to Stabilize Market Conditions.</h1> The Reserve Bank of India (RBI) has established a forex swap window to address the daily dollar needs of three public sector oil marketing companies. This facility allows the RBI to conduct sell/buy USD-INR forex swaps with these companies through a designated bank for a fixed period. The initiative is effective immediately and will continue until further notice, aiming to stabilize market conditions.
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