RBI releases daily foreign exchange trading data for the September period

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Highlights

Interbank FCY/INR spot purchases on September 10, 2026, stood at $29,894 million, while forward purchases amounted to $40,904 million.
Merchant FCY/INR spot purchases on September 11, 2026, were recorded at $7,646 million, while spot sales totaled $7,975 million.
The interbank segment remained much larger than the merchant segment during the reporting period, underscoring the importance of bank-to-bank transactions.

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

Weekly trading data and scope

According to RBI press release 2026-2027/1282, the central bank has published daily foreign exchange trading data from September 7, 2026, to September 11, 2026. The released details include purchases and sales related to spot, forwards, swaps, and forward cancellations under FCY/INR and FCY/FCY transactions in the merchant and interbank segments.

According to the published table, interbank FCY/INR spot purchases on September 10, 2026, stood at $29,894 million, while forward purchases amounted to $40,904 million. On September 11, 2026, they were recorded at $20,439 million and $31,325 million, respectively. In the merchant segment, FCY/INR spot purchases on September 11, 2026, were $7,646 million, while spot sales totaled $7,975 million.

The central bank also stated that daily turnover in the interbank segment is based on data reported by both counterparties. The figures have been marked as provisional data.

Market transparency and sector relevance

Such daily foreign exchange trading data helps the banking system, corporate treasuries, and market participants understand currency market liquidity, deal structures, and segment-wise activity. In particular, the separate disclosure of merchant and interbank transactions provides importers, exporters, dealers, and financial institutions with a useful basis for interpreting market signals.

The data also makes it clear that the interbank segment remained significantly larger than the merchant segment during the reporting period, highlighting the central role of bank-to-bank transactions in India's foreign exchange market. RBI's regular data releases enhance market transparency while also contributing to regulatory oversight and assessment of the broader financial system.

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