RBI releases daily foreign exchange turnover data for the October 5-9 period
New official information on weekly activity in India's foreign exchange market has been released, detailing daily merchant and inter-bank transactions from October 5, 2026, to October 9, 2026. The figures are in USD millions and include both purchases and sales of spot, forward, forward cancellations, and swap transactions.
Highlights
- In the figures released by RBI for October 5-9, 2026, merchant FCY/INR spot purchases ranged from $4,287-$5,896, while sales ranged from $5,556-$7,362.
- From October 5-9, inter-bank FCY/INR spot transactions were recorded in the range of $17,067-$23,091 on the purchase side and $13,662-$21,385 on the sales side.
- Official figures showed that the inter-bank segment was considerably larger than the merchant segment, highlighting the scale of liquidity management and hedging activities.
This article was translated from the original. Read the original version by our correspondent here.
Official weekly turnover figures
According to press release 2026-2027/1449 from the Reserve Bank of India, the central bank has released daily merchant and inter-bank transaction figures for the foreign exchange market for the period from October 5, 2026, to October 9, 2026. The release states that all figures are in USD millions and that the data are preliminary.In the merchant segment, FCY/INR spot purchases stood at 5,896 on October 5, followed by 5,660 on October 6, 4,628 on October 7, 4,287 on October 8, and 5,627 on October 9. Over the same period, FCY/INR spot sales in the merchant segment were 7,362, 5,738, 5,556, 5,937, and 6,769, respectively.
In the inter-bank segment, FCY/INR spot purchases ranged from 17,067 to 23,091, and stood at 21,652 on October 9. Sales in the same category ranged from 13,662 to 21,385, and stood at 20,686 on October 9.
Market participation and the significance of the data
The released figures show that the inter-bank segment remained considerably larger than the merchant segment during the week, particularly in FCY/FCY forwards and FCY/INR spot transactions. This illustrates the scale of liquidity management and hedging activity among banks.RBI also noted that daily turnover in the inter-bank segment is based on data reported by both counterparties involved in each transaction. The press release lists Ajit Prasad, Deputy General Manager in the Department of Communication.
Our previous report on indirect evergreening noted that some undercapitalized banks may delay the recognition of bad loans and create the appearance of recovery by routing funds through related parties. Based on a 2006-2020 study, the article highlighted indicators such as higher default risk and lower interest rates on these loans, as well as the prospect of sharp declines in bank share prices—factors that underscore the importance of regulatory oversight and financial stability.
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