Document title: Foreign Exchange Turnover Data: July 20‑24, 2026

Issuing authority: Reserve Bank of India

Reference number: 2026-2027/872

Date: 12 August 2026

External Sector and Currency

The RBI published provisional data on foreign exchange turnover for the week of 20‑24 July 2026. Merchant‑level spot purchases in USD terms ranged from a low of $4,210 million on 22‑07‑2026 to a high of $5,918 million on 20‑07‑2026. Forward purchases by merchants varied between $957 million and $2,201 million, while cancellations of forward contracts were between $1,018 million and $2,738 million. On the sales side, merchant spot sales were between $4,878 million and $6,526 million, forward sales between $2,446 million and $3,821 million, and forward cancellations between $727 million and $1,727 million.

Inter‑bank transactions showed considerably larger volumes. Spot purchases by banks peaked at $18,796 million on 24‑07‑2026, with the lowest weekly figure of $13,308 million on 23‑07‑2026. Forward purchases by banks ranged from $1,894 million to $2,597 million, and cancellations of forwards were between $224 million and $310 million. Inter‑bank spot sales varied from $12,650 million on 23‑07‑2026 to $17,520 million on 20‑07‑2026. Swap activity in the inter‑bank market was also significant, with spot‑swap volumes between $21,838 million and $26,443 million and forward‑swap volumes between $1,894 million and $2,597 million.

Capital Markets and Flows

The data reflects robust activity across both FCY/INR and FCY/FCY segments, with notable volumes in swaps, forwards, and cancellations, indicating active participation by market participants in managing currency exposure and liquidity. The provisional nature of the figures suggests they are subject to revision, but the reported levels underscore a high degree of foreign exchange turnover during the observed week.

Overall, the RBI’s release provides a detailed snapshot of daily foreign exchange market dynamics, highlighting substantial merchant and inter‑bank trading volumes across spot, forward, and swap instruments.