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Document - Table 208 : Turnover in Foreign Exchange Market () or PDF - Table 208 : Turnover in Foreign Exchange Market ()
Date : Jul 31, 2026
Table 208 : Turnover in Foreign Exchange Market
(US$ Million)
Year/Month Purchase/Sales Merchant Inter-bank Grand total (8+15)
FCY / INR FCY / FCY Total (2 to 7) FCY / INR FCY / FCY Total (9 to 14)
Spot Forward Forward cancellation Spot Forward Forward cancellation Spot Swap Forward Spot Swap Forward
1   2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
2024-25                                
Jul P 112398.0 30824.0 20369.0 10940.0 10373.0 9529.0 194433.0 368258.0 307628.0 29194.0 186861.0 62485.0 6778.0 961204.0 1155638.0
  S 112501.0 36800.0 15997.0 11179.0 10458.0 9563.0 196499.0 361213.0 285173.0 20572.0 186361.0 58598.0 6784.0 918701.0 1115200.0
Aug P 117479.0 32520.0 22161.0 12570.0 9778.0 9320.0 86350.0 345977.0 330972.0 42470.0 207627.0 62109.0 7326.0 989156.0 1075506.0
  S 122378.0 43024.0 17222.0 12781.0 9628.0 9326.0 91980.0 323973.0 306367.0 27552.0 208138.0 59807.0 7340.0 925838.0 1017818.0
Sep P 128610.0 33549.0 22577.0 10526.0 10722.0 10252.0 87626.0 367015.0 336768.0 31445.0 185742.0 55677.0 8703.0 976647.0 1064272.0
  S 122204.0 50490.0 16614.0 10612.0 10285.0 10195.0 98196.0 372405.0 313139.0 28162.0 184897.0 52254.0 8736.0 950856.0 1049052.0
Oct P 117914.0 29617.0 23501.0 11980.0 9440.0 9143.0 201595.0 293428.0 438536.0 51910.0 166382.0 61354.0 5390.0 1017000.0 1218596.0
  S 133562.0 46012.0 16218.0 12259.0 9493.0 9144.0 226687.0 277341.0 381370.0 35892.0 166194.0 56588.0 5389.0 922774.0 1149462.0
Nov P 104960.0 27437.0 25126.0 12914.0 9813.0 9584.0 189835.0 290350.0 298037.0 36025.0 131633.0 49998.0 8191.0 814235.0 1004069.0
  S 117598.0 45395.0 15253.0 13104.0 9933.0 9586.0 210869.0 257588.0 267917.0 35097.0 130836.0 46450.0 8164.0 746052.0 956920.0
Dec P 138148.0 31557.0 29378.0 9704.0 9116.0 9604.0 227506.0 420812.0 533315.0 46003.0 114204.0 53721.0 6878.0 1174934.0 1402440.0
  S 135312.0 60635.0 18409.0 9902.0 8206.0 9608.0 242071.0 363252.0 513597.0 47290.0 115098.0 54474.0 6902.0 1100612.0 1342683.0
Jan P 104160.0 38394.0 38578.0 10459.0 8967.0 10462.0 211019.0 486230.0 575997.0 61549.0 153592.0 52790.0 8280.0 1338439.0 1549458.0
  S 108355.0 64555.0 26484.0 10674.0 9062.0 10471.0 229601.0 440299.0 545207.0 56395.0 153369.0 53775.0 8262.0 1257307.0 1486908.0
Feb P 94995.0 34536.0 35411.0 7749.0 6262.0 5390.0 184343.0 423460.0 501332.0 47715.0 102418.0 49547.0 8128.0 1132601.0 1316943.0
  S 95692.0 60709.0 22555.0 8120.0 6342.0 5396.0 198813.0 383700.0 455324.0 46740.0 102778.0 50163.0 8139.0 1046844.0 1245658.0
Mar P 130083.0 49313.0 50451.0 9927.0 8553.0 9034.0 257360.0 438030.0 555903.0 42333.0 124916.0 55719.0 8745.0 1225646.0 1483006.0
  S 117746.0 84921.0 34341.0 9968.0 8070.0 9048.0 264094.0 417019.0 459822.0 64266.0 123806.0 57094.0 8807.0 1130815.0 1394910.0
2025-26                                
Apr P 107038.0 35303.0 35835.0 11412.0 10214.0 8181.0 207983.0 422450.0 516020.0 43279.0 144476.0 56994.0 13497.0 1196716.0 1404699.0
  S 109268.0 56081.0 23317.0 11100.0 9882.0 8175.0 217823.0 418149.0 468611.0 41849.0 144544.0 58064.0 13511.0 1144727.0 1362550.0
May P 114432.0 39104.0 33496.0 10679.0 6538.0 5820.0 210069.0 427184.0 513828.0 61831.0 121138.0 50934.0 10411.0 1185325.0 1395394.0
  S 112293.0 56498.0 22783.0 10740.0 6426.0 5820.0 214560.0 424703.0 458325.0 56134.0 119901.0 50602.0 10412.0 1120078.0 1334638.0
Jun P 129381.0 44809.0 34069.0 9302.0 7453.0 6736.0 231750.0 451146.0 545414.0 59196.0 142420.0 58551.0 9109.0 1265835.0 1497585.0
  S 125816.0 60312.0 23262.0 9242.0 6859.0 6727.0 232219.0 442181.0 478737.0 62661.0 142172.0 60297.0 9115.0 1195164.0 1427382.0
Jul P 113312.2 42292.6 30086.1 8408.6 8394.9 6681.4 209175.9 451807.2 607712.9 62311.9 144490.8 56698.0 11963.8 1334984.5 1544160.4
  S 118337.8 50406.1 22610.5 8466.6 8218.5 6754.5 214794.0 442830.0 515636.0 68305.1 143856.0 57541.8 12042.0 1240210.9 1455004.9
Aug P 102731.5 34420.4 31008.8 8654.2 6559.4 5386.0 188760.2 335086.9 462772.5 50631.2 115353.6 52279.6 8289.7 1024413.5 1213173.7
  S 108084.5 50897.6 20145.8 8602.2 6622.4 5388.7 199741.1 329079.6 406636.6 43936.0 114954.5 53345.0 8290.1 956241.8 1155982.9
Sep P 120817.0 36201.1 29494.3 12473.8 7593.9 6226.3 212806.4 403268.1 484855.8 60417.0 136990.1 58673.2 9140.6 1153344.8 1366151.2
  S 132333.4 57910.0 19588.9 12592.7 7483.6 6229.4 236138.0 387972.3 441698.6 54374.1 134665.0 59287.6 9074.1 1087071.8 1323209.9
Oct P 122958.6 36437.0 30338.7 14167.5 7732.4 5175.8 216810.0 366571.3 485032.6 59812.0 139301.9 53888.3 10727.9 1115334.1 1332144.1
  S 133973.3 60443.7 19934.3 14287.6 7436.0 5176.2 241251.1 350024.3 464701.6 50620.4 138656.0 54361.1 10688.4 1069051.8 1310303.0
Nov P 114602.1 30879.8 29007.7 7992.8 6765.9 5880.8 195129.2 333159.1 457522.4 49140.5 124156.8 47415.7 10248.5 1021643.0 1216772.2
  S 121170.7 66407.1 17356.3 8139.3 6507.2 5882.7 225463.4 318399.6 413017.0 51021.5 122968.2 48179.1 10248.3 963833.7 1189297.1
Dec P 134174.1 46589.9 39611.8 10044.8 10217.1 6908.1 247545.6 421746.7 701526.8 60552.1 125415.3 62399.3 10648.8 1382288.9 1629834.5
  S 132763.2 76325.7 29251.4 10432.7 7809.5 6931.8 263514.3 405004.3 656133.3 56191.6 125081.3 66067.8 10666.9 1319145.2 1582659.5
Jan P 111639.6 43571.5 45237.5 16420.0 8946.4 5645.5 231460.5 361856.3 642045.6 71261.7 175083.8 56309.6 10056.9 1316613.9 1548074.4
  S 117630.3 73215.7 26515.6 16535.7 7903.3 5650.0 247450.6 346659.6 575050.0 55432.9 174327.9 57212.2 10078.2 1218760.8 1466211.5
Feb P 107628.3 36406.7 33869.6 10024.4 7304.3 4642.6 199875.8 337233.3 514005.9 59611.2 152628.8 52702.7 7341.7 1123523.6 1323399.4
  S 103146.6 60625.3 23783.5 10246.8 6037.8 4645.0 208485.0 326952.4 442715.6 44423.7 151047.7 53109.1 7352.4 1025601.0 1234086.0
Mar P 125565.1 49319.3 53545.1 8962.6 10772.9 8617.4 256782.4 414587.5 635808.2 77269.7 149865.5 66096.0 11314.9 1354941.8 1611724.3
  S 125223.6 98298.9 28900.9 8975.1 10448.0 8607.1 280453.5 381868.5 571607.4 75550.9 148648.8 66671.9 11291.8 1255639.1 1536092.6
2026-27                                
Apr P 115694.2 38652.9 35840.3 8202.2 8474.8 6767.3 213631.7 356890.3 632371.6 54824.1 141580.9 58467.8 10294.5 1254429.3 1468061.0
  S 126198.5 78318.4 20209.3 8188.9 8442.1 6772.5 248129.7 337447.6 574231.0 50087.7 139356.1 59210.8 10304.4 1170637.7 1418767.4
May P 101851.8 43305.7 55290.1 7075.2 6737.5 5677.5 219937.8 384679.8 513877.4 42365.0 130632.5 51691.6 6643.9 1129890.3 1349828.1
  S 109898.1 88027.4 26122.5 7062.4 6828.4 5686.4 243625.2 361187.1 464085.8 42324.9 127160.3 51767.8 6638.2 1053164.0 1296789.2
Jun* P 127452.7 55618.1 64862.1 10106.5 8914.6 7984.1 274938.1 453421.3 564644.9 49761.5 165703.8 61049.8 6477.8 1301059.1 1575997.2
  S 142168.5 92120.3 33510.7 10149.6 8923.3 7998.1 294870.5 432318.9 531771.2 44741.9 161748.4 61539.6 6478.7 1238598.8 1533469.3
Notes : FCY : Foreign Currency; INR : Indian Rupees; P : Purchases; S : Sales.
1. Merchant - Transactions with entities other than banks.
2. Inter-bank - Transactions with banks including Reserve Bank of India.
3. * Data is Provisional
Source : Reserve Bank of India