Document title: Foreign Exchange Turnover Data: May 25‑29, 2026
Issuing authority: Reserve Bank of India
Reference number: 2026-2027/483
Date: Not specified
External sector and currency
The RBI released provisional data on daily merchant and inter‑bank foreign‑exchange transactions for the week 25‑29 May 2026. All figures are expressed in USD millions.
Merchant transactions – purchases: Spot purchases were $3,166 m on 25‑May, rising to $8,825 m on 29‑May, the highest of the week. Forward purchases increased from $2,068 m on 25‑May to $4,210 m on 29‑May. Cancellations of forwards varied, reaching $3,780 m on 29‑May. For the FCY/FCY leg, spot purchases were $90 m (25‑May) to $240 m (29‑May); forward purchases $213 m to $617 m; cancellations $154 m to $905 m.
Merchant transactions – sales: Spot sales peaked at $9,303 m on 29‑May, up from $2,308 m on 25‑May. Forward sales grew from $4,258 m on 25‑May to $7,583 m on 29‑May. Cancellations of forwards were $1,318 m on 25‑May and $3,101 m on 29‑May. In the FCY/FCY segment, spot sales were $89 m to $241 m, forward sales $214 m to $618 m, and cancellations $154 m to $906 m over the period.
Inter‑bank transactions – purchases: Spot purchases rose from $17,038 m on 25‑May to $27,631 m on 29‑May. Swap purchases increased sharply, reaching $34,417 m on 29‑May, the week’s maximum. Forward purchases grew from $1,425 m to $2,604 m. Cancellations of forwards were $123 m on 25‑May and $405 m on 29‑May.
Inter‑bank transactions – sales: Spot sales were $15,555 m on 25‑May and $24,040 m on 29‑May. Swap sales climbed to $28,356 m on 29‑May. Forward sales rose from $1,680 m to $2,730 m. Cancellations of forwards were $122 m on 25‑May and $405 m on 29‑May.
The data are provisional and reflect the weekly foreign‑exchange market activity across merchant and inter‑bank segments, indicating higher transaction volumes towards the end of the week.
Overall, the RBI’s provisional FX turnover figures show a marked increase in both merchant and inter‑bank spot and swap transactions during the last two days of the week, suggesting heightened market activity and liquidity in the foreign‑exchange market for the period 25‑29 May 2026.