"Any tapering of the window, as and when it occurs, will be done in a calibrated manner," the RBI said in a statement.

Earlier on Friday a report said that the RBI was considering closing the dollar swap window offered to oil companies, citing unnamed sources.

The rupee which had earlier fallen to as low as 61.71 to the dollar after the a TV news, recovered to 61.41/42, while the benchmark 10-year bond yield fell 2 basis points to 8.58 percent.

The RBI had opened a special window to provide dollars directly to oil companies since late August in a bid to shore up a battered rupee.


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