Indian Oil raises $500m via RBI forex swap window, may borrow more
Indian Oil has secured a five-year $500 million external commercial borrowing under the RBI’s concessional forex swap window. The fuel retailer may tap the facility again before it closes in December after borrowings rose by Rs 200 billion in the April–June quarter.
Indian Oil raised $500 million through a five-year overseas borrowing using RBI's concessional forex swap window and may raise more by December. Its borrowings rose Rs 200 billion in April-June as it sold fuels below market rates.
Why this matters
Indian Oil's $500 million RBI swap-window borrowing adds a new funding signal; no related recent Indian Oil signals were provided for comparison.
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