Foreign exchange transaction data in India shows transactions for the period from May 11 to 15

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May 2026 Currency Trading Data

Highlights

From May 11-15, 2026, merchant FCY/INR spot purchases decreased from $4,948 million to $4,755 million, while forward purchases on May 13 were recorded at $2,566 million.
Inter-bank FCY/INR spot and forward purchases stood at $22,575 million and $29,479 million respectively on May 13, and at $15,948 million and $21,815 million respectively on May 15.
Merchant FCY/INR spot sales reached a high of $5,994 million on May 14, while forward sales were recorded at $4,995 million on May 15.

This article was translated from the original. Read the original version by our correspondent here.

Details of Mid-May Transactions

According to the Reserve Bank of India’s press release (Reserve Bank of India), the released data reflects daily activity in the merchant and inter-bank segments of the foreign exchange market between May 11, 2026, and May 15, 2026. All amounts in the release are given in USD million and include spot, forward, swap, and forward cancellation transactions for FCY/INR and FCY/FCY deals.

Merchant purchases for FCY/INR spot stood at 4,948 on May 11, 4,858 on May 14, and 4,755 on May 15, while merchant forward purchases reached 2,566 on May 13. During the same period, inter-bank purchases for FCY/INR spot were 22,575 on May 13 and forward purchases were 29,479, while on May 15, spot purchases were 15,948 and forward purchases were 21,815.

On the sales side, merchant FCY/INR spot sales peaked at 5,994 on May 14, while merchant forward sales reached 4,995 on May 15. In inter-bank sales, FCY/INR spot sales were 22,116 on May 13 and forward sales were 25,688 on May 12, while forward sales stood at 21,296 on May 15.

Indicators for Banking and Currency Markets

These figures indicate the daily direction of corporate client flows and liquidity management among banks in India’s foreign exchange market. The varying levels of activity in the merchant and inter-bank segments make it clear that institutional demand, hedging needs, and short-term positioning fluctuate throughout the week.

The details of swaps and forward cancellations along with spot and forward deals help market participants understand how currency risk management and cash management are progressing. The Reserve Bank of India has described these figures as provisional, and the press release is signed by Ajit Prasad, Deputy General Manager, Communications.

On the recent decline in USD/INR and its technical indicators our previous report noted that the pair was trading below major short- and medium-term moving averages, while the rupee remained under pressure despite policy-supported dollar inflows. That analysis also highlighted the potential trading range and key support/resistance levels, focusing on how Fed policy expectations and dollar demand could determine the near-term direction.

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