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From The Economic Times

Center-Right Owned by Bennett, Coleman & Co.

RBI to meet daily dollar needs of 3 state-run oil firms to ease rupee pressure

RBI to meet daily dollar needs of 3 state-run oil firms to ease rupee pressure

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The Reserve Bank of India has stepped in to support three prominent oil firms: Indian Oil, Bharat Petroleum, and Hindustan Petroleum, as they face a combined daily dollar necessity of around $200 million for imports. This proactive approach aims to ease pressure on the rupee amidst soaring dollar…

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