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Wednesday 3 October 2018

Home / Business News: Latest News on Business / Financial News / India Business & World Business News / Stock Markets / Oil companies get to raise foreign currency loan as rupee breaches 73-mark

Oil companies get to raise foreign currency loan as rupee breaches 73-mark

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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.

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