The Reserve Bank of India (RBI) has opened an exclusive foreign exchange window to provide dollars to state-run refiners, which is expected to ease the pressure on the Indian rupee. Currency analysts report that daily dollar demand from oil companies averages between $500 million and $550 million. With this new measure, demand is anticipated to decline by as much as 90%, potentially allowing the rupee to strengthen to a range of 92.00–92.20 per dollar. The rupee had closed at 92.92 on Friday, down from 93.20 in the previous session. Persistent dollar demand from importers had capped the rupee's appreciation, but the RBI's intervention is expected to relieve some of this pressure. Analysts suggest that the RBI's actions could be viewed as an indirect intervention, helping to stabilize the currency in the face of geopolitical tensions and market fluctuations.