The Indian Rupee has performed the best among Asian currencies. The central bank reportedly issued window guidance to oil companies for purchasing US dollars.

The Indian Rupee has shown the best performance among Asian currencies, with reports earlier that the Indian central bank has asked state-owned refineries to purchase dollars through special credit arrangements. On Friday, the rupee rose 0.6% against the dollar to 92.66 rupees, the biggest gain in two weeks. Refineries have been asked to apply for a special credit limit through India's largest bank, State Bank of India, to meet their foreign exchange needs. The report also stated that officials are encouraging refineries to purchase dollars through State Bank of India, the designated route, rather than multiple banks.