RBI’s plan to stop the fall of rupee: Special dollar window opened for government oil companies, rules for forex derivative trading tightened
RBI has taken two decisions to manage the continuously weakening Indian rupee against the dollar and to control the fluctuations in the money market. RBI has launched a ‘Special Dollar Window’ to meet the daily dollar requirements of state-owned oil companies. Apart from this, Reserve Bank of India has also tightened the rules related to…