# RBI opens USD window for oil PSUs

> RBI's new USD facility for oil PSUs aims to stabilize INR against dollar pressure.
- Title: RBI opens USD window for oil PSUs · mint | Shortify
- Summary: RBI's new USD facility for oil PSUs aims to stabilize INR against dollar pressure. RBI opens special USD window for Indian Oil Corporation, Hindustan…
- Keywords: rbi, indian oil corporation, hindustan petroleum corporation, bharat petroleum corporation, us dollar, indian rupee, oil psus, special window, dollar facility, inr support, money, business
- Source: mint — https://livemint.com/market/commodities/rbi-opens-special-usd-window-for-these-3-state-run-omcs-facility-in-effect-from-oct-12-what-it-means-for-inr-support-11791620603159.html
- Author: Asit Manohar
- Published: 2026-10-10T09:22:38+00:00
- Read time: 1 min
- Topics: rbi, indian oil corporation, hindustan petroleum corporation, bharat petroleum corporation, us dollar, indian rupee, oil psus, special window, dollar facility, inr support, money, business
## RBI opens special USD window
RBI opens special USD window for three state-run oil marketing companies starting October 12, 2026.
## Which oil PSUs qualify
The facility covers Indian Oil Corporation Ltd, Hindustan Petroleum Corporation Ltd, and Bharat Petroleum Corporation Ltd.
## How the facility works
OMCs will buy usd from designated banks instead of the open market to meet daily dollar requirements for oil purchases.
## Why it matters for INR
The three oil PSUs account for 90% of india's petroleum product sales, helping stabilize the indian rupee against dollar volatility.
## Expert analysis
Sandeep Pandey notes the oil psus cover 40% for iocl, 30% for bpcl, and 20% for hpcl of india's oil imports.
## Government funding source
The government will use fcnr bonds and deposit swaps to meet additional usd demand from the oil psus.
## What happens next
The facility remains in effect until further notice to support the indian rupee against dollar pressure.
## Key takeaway

RBI opens special USD window for Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum to buy dollars from banks instead of open market, supporting INR against dollar volatility.