Document title: Foreign Exchange Turnover Data: September 21‑25, 2026

Issuing authority: Reserve Bank of India

Reference number: Press Release 2026-2027/1284

Date: 8 October 2026

External Sector and Currency

The Reserve Bank of India released provisional data for the week 21‑25 September 2026, detailing daily merchant and inter‑bank foreign‑exchange transactions, all figures expressed in USD millions.

On 21 September 2026, merchant purchases were $8,682 m spot (FCY/INR), $2,596 m forward, and $1,336 m forward cancellations; FCY/FCY spot purchases were $868 m, forward $290 m, cancellations $104 m. Inter‑bank purchases that day were $20,262 m spot (FCY/INR), $29,498 m swap, $1,557 m forward, and FCY/FCY spot $5,309 m, swap $2,136 m, forward $253 m. Merchant sales were $7,599 m spot, $3,964 m forward, $1,150 m cancellations; FCY/FCY spot sales $868 m, forward $244 m, cancellations $104 m. Inter‑bank sales were $19,147 m spot, $30,425 m swap, $1,834 m forward, and FCY/FCY spot $5,104 m, swap $2,172 m, forward $252 m.

On 22 September 2026, merchant purchases were $4,962 m spot, $2,675 m forward, $1,951 m cancellations; FCY/FCY spot $408 m, forward $840 m, cancellations $510 m. Inter‑bank purchases were $24,077 m spot, $33,544 m swap, $3,074 m forward, and FCY/FCY spot $10,243 m, swap $2,795 m, forward $1,739 m. Merchant sales were $6,608 m spot, $3,536 m forward, $1,289 m cancellations; FCY/FCY spot $408 m, forward $889 m, cancellations $510 m. Inter‑bank sales were $22,922 m spot, $32,154 m swap, $2,440 m forward, and FCY/FCY spot $10,116 m, swap $2,751 m, forward $1,738 m.

On 23 September 2026, merchant purchases were $6,090 m spot, $2,075 m forward, $2,849 m cancellations; FCY/FCY spot $434 m, forward $671 m, cancellations $436 m. Inter‑bank purchases were $15,623 m spot, $34,788 m swap, $2,267 m forward, and FCY/FCY spot $6,691 m, swap $2,164 m, forward $375 m. Merchant sales were $5,410 m spot, $3,956 m forward, $1,166 m cancellations; FCY/FCY spot $434 m, forward $658 m, cancellations $436 m. Inter‑bank sales were $15,243 m spot, $28,591 m swap, $1,873 m forward, and FCY/FCY spot $6,570 m, swap $2,361 m, forward $377 m.

On 24 September 2026, merchant purchases were $6,168 m spot, $3,506 m forward, $1,525 m cancellations; FCY/FCY spot $700 m, forward $1,231 m, cancellations $889 m. Inter‑bank purchases were $18,235 m spot, $31,885 m swap, $1,649 m forward, and FCY/FCY spot $10,460 m, swap $3,399 m, forward $641 m. Merchant sales were $6,348 m spot, $4,045 m forward, $1,605 m cancellations; FCY/FCY spot $704 m, forward $1,228 m, cancellations $889 m. Inter‑bank sales were $16,617 m spot, $28,837 m swap, $2,031 m forward, and FCY/FCY spot $10,745 m, swap $3,285 m, forward $644 m.

On 25 September 2026, merchant purchases were $6,435 m spot, $3,898 m forward, $3,633 m cancellations; FCY/FCY spot $240 m, forward $1,245 m, cancellations $945 m. Inter‑bank purchases were $17,879 m spot, $37,188 m swap, $1,867 m forward, and FCY/FCY spot $6,704 m, swap $4,465 m, forward $381 m. Merchant sales were $6,277 m spot, $5,600 m forward, $3,083 m cancellations; FCY/FCY spot $239 m, forward $1,426 m, cancellations $945 m. Inter‑bank sales were $16,848 m spot, $31,587 m swap, $2,403 m forward, and FCY/FCY spot $6,449 m, swap $4,398 m, forward $381 m.

The data are provisional, and the daily turnover in the inter‑bank segment is based on data reported by both sets of counterparties.

Overall, the week showed robust merchant and inter‑bank activity across spot, forward, and swap segments, with forward and swap volumes peaking towards the end of the week. This release provides market participants with granular insight into short‑term FX market dynamics.