Document title: Foreign Exchange Turnover Data: August 31 – September 04, 2026

Issuing authority: Reserve Bank of India

Reference number: Press Release: 2026-2027/1281

Date: October 08, 2026

External sector and currency

The Reserve Bank of India released provisional daily turnover figures for merchant and inter‑bank foreign‑exchange transactions for the week 31 August to 4 September 2026. All amounts are quoted in USD millions.

Purchases

  • 31‑Aug‑2026: Merchant spot $8,198, forward $3,896, forward cancellations $2,265; Inter‑bank spot $350, forward $450, cancellations $423; Inter‑bank FCY/INR spot $29,149, swap $36,032, forward $3,483; FCY/FCY spot $5,608, swap $3,164, forward $436.
  • 01‑Sep‑2026: Merchant spot $10,532, forward $2,093, forward cancellations $2,449; Inter‑bank spot $373, forward $171, cancellations $130; Inter‑bank FCY/INR spot $36,679, swap $35,120, forward $4,374; FCY/FCY spot $5,576, swap $3,347, forward $240.
  • 02‑Sep‑2026: Merchant spot $5,590, forward $1,890, forward cancellations $1,648; Inter‑bank spot $363, forward $210, cancellations $308; Inter‑bank FCY/INR spot $21,842, swap $29,859, forward $3,581; FCY/FCY spot $6,548, swap $2,487, forward $193.
  • 03‑Sep‑2026: Merchant spot $4,469, forward $3,118, forward cancellations $1,869; Inter‑bank spot $397, forward $345, cancellations $342; Inter‑bank FCY/INR spot $21,899, swap $29,079, forward $3,909; FCY/FCY spot $8,053, swap $2,380, forward $655.
  • 04‑Sep‑2026: Merchant spot $3,652, forward $1,693, forward cancellations $2,622; Inter‑bank spot $296, forward $178, cancellations $168; Inter‑bank FCY/INR spot $21,477, swap $26,406, forward $2,551; FCY/FCY spot $5,572, swap $1,200, forward $157.

Sales

  • 31‑Aug‑2026: Merchant spot $8,663, forward $6,407, forward cancellations $2,902; Inter‑bank spot $350, forward $478, cancellations $423; Inter‑bank FCY/INR spot $26,359, swap $40,556, forward $2,456; FCY/FCY spot $5,559, swap $3,117, forward $436.
  • 01‑Sep‑2026: Merchant spot $9,317, forward $5,718, forward cancellations $2,620; Inter‑bank spot $372, forward $156, cancellations $130; Inter‑bank FCY/INR spot $33,208, swap $36,017, forward $3,302; FCY/FCY spot $5,466, swap $3,402, forward $240.
  • 02‑Sep‑2026: Merchant spot $7,489, forward $4,075, forward cancellations $808; Inter‑bank spot $361, forward $217, cancellations $308; Inter‑bank FCY/INR spot $19,186, swap $30,865, forward $2,983; FCY/FCY spot $6,418, swap $2,522, forward $192.
  • 03‑Sep‑2026: Merchant spot $6,027, forward $4,174, forward cancellations $987; Inter‑bank spot $395, forward $339, cancellations $342; Inter‑bank FCY/INR spot $20,276, swap $27,348, forward $2,991; FCY/FCY spot $7,930, swap $2,434, forward $656.
  • 04‑Sep‑2026: Merchant spot $4,256, forward $2,993, forward cancellations $1,786; Inter‑bank spot $296, forward $179, cancellations $168; Inter‑bank FCY/INR spot $19,190, swap $26,594, forward $1,726; FCY/FCY spot $5,548, swap $1,286, forward $157.

Liquidity

The inter‑bank segment turnover, particularly the large swap volumes (ranging from $26.4 bn to $40.6 bn) and spot purchases (up to $36.7 bn), indicates robust liquidity in the foreign‑exchange market during the reporting week. Forward and cancellation figures further reflect active hedging and position‑adjustment activity among market participants.

The data are provisional and based on reports from both counterparties in the inter‑bank market.

Overall, the week’s FX turnover shows significant activity across merchant and inter‑bank channels, with peak spot and swap volumes on 1 September 2026.