RBI has allowed oil companies to raise foreign currency loans for their working capital requirements. The move falls short of the market expectation that the central bank would sell dollars directly to oil companies, and will not result in an immediate inflow of dollars.
from Times of India https://timesofindia.indiatimes.com/business/india-business/oil-cos-get-to-raise-foreign-currency-loan-as-re-hits-73-34/articleshow/66061162.cms
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