Now Reading: RBI reports forex turnover for July 2026
-
01
RBI reports forex turnover for July 2026
The Reserve Bank of India released foreign exchange turnover data for the week ending July 31, 2026. Total merchant purchases of FCY/INR spot stood at $6,080 million on July 31, while sales…
The Story in Brief
The Reserve Bank of India released foreign exchange turnover data for the week ending July 31, 2026. Total merchant purchases of FCY/INR spot stood at $6,080 million on July 31, while sales were $6,486 million. Inter-bank FCY/INR spot purchases reached $20,486 million on the same day, with sales at $19,397 million. For the week of July 27-31, inter-bank swaps peaked on July 30 at $26,811 million in purchases.
Previous weeks showed varied activity. In the week ending July 24, merchant FCY/INR spot purchases ranged from $4,210 million to $5,918 million daily. The week ending July 17 saw a high of $12,258 million in merchant spot purchases on July 16. Data for all periods is provisional and released by the RBI's Ajit Prasad.
The Indian Opinion
This data dump will tempt currency doomsayers to claim rising volatility or RBI intervention. The numbers, however, show routine fluctuations in merchant and inter-bank activity, with no single week deviating wildly from the others. Watch if the RBI commentary in its next monetary policy statement suggests any concern over forex flows. Until then, reading panic into these tables is premature.
Sources (4): rbi.org.in, rbi.org.in (2), rbi.org.in (3), rbi.org.in (4)
This story was synthesised by AI from the 4 sources linked above.
