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RBI asks state oil refiners to curb spot dollar buying: Report
short by Mansi Agarwal / on Thursday, 16 April, 2026
RBI has asked state-run oil refiners to curb spot dollar purchases to ease pressure on the rupee, Reuters reported. Refiners have been urged to use a special credit facility via the State Bank of India to meet their foreign exchange needs. The rupee has hit record lows this year amid rising oil prices and heavy foreign portfolio outflows.
read more at Moneycontrol