	Symbol	Bid	Ask
	EURUSD	1.2916	1.2919
	GBPUSD	1.5118	1.5121
	USDJPY	100.98	101.01
	USDCHF	0.9624	0.9627
	USDCAD	1.0324	1.0327
	EURJPY	130.43	130.46
	EURCHF	1.2432	1.2435
	GBPJPY	152.62	152.69
	GBPCHF	1.4549	1.4556
	GOLD	1387.55	1388.15
Real time market quotes

Live help online

Click here

RBI Tells Oil Companies To Buy Dollar From Single Public Sector Bank

The Reserve Bank of India reportedly instructed oil marketing companies to route 50 percent of their U.S. dollar purchases through a single public sector bank.

The latest move is likely to reduce market volatility and arrest the rupee's fall. Currently, oil companies buy dollar through competitive bidding. They are the biggest buyers of dollar in the domestic currency market.

Today, the exchange rate of Indian rupee against the U.S. dollar reached a record low of 57.33. On Thursday, Brent crude prices fell below $90 a barrel for the first time since December 2010.

Published: 2012-06-22 11:50:00 UTC+00

Back to news list

See also: Current support and resistance levels

EUR/USD

GBP/USD

USD/JPY

GBP/JPY

EUR/CHF

AUD/USD

May 24 at 15:42 UTC