Banks traded up to US$ 36.7 billion a day in spot dollar-rupee deals
Daily foreign exchange turnover data for August 31 to September 4, 2026 show busy trading, peaking on September 1.
Official title: Foreign Exchange Turnover Data: August 31, 2026 – September 04, 2026 · Press Release 2026-2027/1281
What happened
RBI's routine weekly data show how much foreign currency was bought and sold in India from August 31 to September 4, 2026, all in US$ million. In the interbank market, spot purchases of foreign currency against the rupee ranged from US$ 21.5 billion to US$ 36.7 billion a day, the peak on September 1. Swap deals were larger still, US$ 26 to 36 billion a day.
With customers such as importers and exporters, banks' spot purchases ranged from US$ 3.7 billion to US$ 10.5 billion a day. Customer forward sales by banks were higher than forward purchases on every day of the week. Data are provisional.
What it means for you
No direct effect. This is routine market data showing how much foreign currency is being traded in India.
What it means for businesses
Importers and exporters can see how busy the currency market was. Large forward volumes show many firms are locking in exchange rates to protect against swings.
Read the original
Press release on rbi.org.in ↗ Official PDF ↗
This explainer simplifies the official text. If anything here differs from the RBI's release, the release is right.