Foreign exchange turnover data for April 2026
The Reserve Bank of India released data on daily merchant and inter-bank foreign exchange transactions. The figures cover the period from April 27 to April 30, 2026.
Merchant and Inter-Bank Activity
The Reserve Bank of India has released daily foreign exchange turnover data for April 27-30, 2026, with all figures in USD Millions.
The report details both merchant and inter-bank transactions.
Merchant activity is segmented by currency pair (FCY/INR, FCY/FCY) and instrument type (Spot, Forward, Cancellation of Forwards) for purchases and sales.
This provides a clear view of client-driven currency flows and their composition across various instruments.
The data offers specific values for each day within the reporting period, allowing for a daily assessment of market participation and instrument preference among non-bank entities.
Granular Market Flows
Inter-bank transactions are similarly detailed, segmented by currency pair (FCY/INR, FCY/FCY) and instrument type (Spot, Swap, Forward) for both buying and selling activities.
This segment reflects liquidity management and trading dynamics among financial institutions, providing insight into the wholesale segment of the foreign exchange market.
The provisional nature of the data is noted, indicating potential minor revisions in future publications.
This level of detail is crucial for understanding the operational mechanics and underlying trends in India's foreign exchange market, distinguishing between direct client needs and inter-bank risk management.
Market Transparency in Focus
This provisional data offers a timely, albeit brief, snapshot of foreign exchange market activity.
While not signaling policy, it provides essential transparency for market participants and analysts.
Its value lies in detailing the granular structure of daily currency transactions, aiding in market surveillance and understanding liquidity conditions.