Appendix B
Turnover in Foreign Exchange Market : 2000-01 to 2008-09
															(Daily Average in US $ Million)
		MERCHANT							INTERBANK							Grand	Interbank/
		FCY/INR			FCY/FCY			Total	FCY/INR			FCY/FCY			Total	Total	Total
Yearly/Quarterly		Spot	Forward	Forward	Spot	Forward	Forward	Merchant	Spot	Swap	Forward	Spot	Swap	Forward	Interbank		Transactions
				Cancellation			Cancellation	Transactions							Transactions
(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)	(11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)
Quarter 4 :(Jan-Mar-2009)	Purchases	1479	975	609	280	660	624	4626	3799	5234	693	2681	1619	135	14162	18788	0.8
	Sales	1465	1064	533	272	643	656	4633	3601	5420	745	2669	1681	144	14261	18894	0.8
	Total	2944	2038	1142	552	1303	1280	9259	7399	10655	1438	5351	3300	280	28423	37681	0.8
Quarter 3 :(Oct-Dec-2008)	Purchases	1546	1273	740	332	882	903	5676	4793	5927	747	3071	1647	184	16370	22046	0.7
	Sales	1726	1458	684	321	869	844	5902	4274	5977	822	3073	1712	191	16050	21951	0.7
	Total	3272	2731	1424	653	1750	1747	11578	9068	11904	1569	6144	3359	376	32420	43997	0.7
Quarter 2 :(Jul-Sep-2008)	Purchases	2014	1500	729	818	1333	1270	7664	5641	6790	1021	4514	1772	270	20009	27673	0.7
	Sales	2066	1599	736	779	1278	1211	7669	4999	6723	1008	4336	1731	259	19056	26725	0.7
	Total	4080	3099	1465	1597	2612	2481	15333	10640	13513	2029	8850	3503	529	39065	54398	0.7
Quarter 1 :(Apr-Jun-2008)	Purchases	2109	1274	590	718	1043	992	6728	4460	6329	759	4555	1665	212	17980	24708	0.7
	Sales	2190	1303	563	673	974	1093	6797	4164	6626	812	4508	1680	228	18019	24816	0.7
	Total	4299	2577	1154	1392	2017	2086	13525	8624	12955	1571	9063	3345	440	35999	49524	0.7
2008-09	Purchases	1784	1258	669	535	980	949	6175	4684	6072	806	3699	1676	201	17138	23313	0.7
	Sales	1860	1360	631	510	942	951	6254	4266	6186	848	3640	1702	206	16846	23100	0.7
	Total	3644	2617	1300	1045	1923	1900	12429	8949	12258	1654	7338	3378	407	33984	46413	0.7
2007-08	Purchases	2351	1019	557	1131	1068	1324	7450	4063	5623	535	4473	1713	270	16678	24128	0.7
	Sales	2093	1134	485	1122	1009	1395	7238	4276	5606	661	4423	1716	277	16958	24196	0.7
	Total	4444	2152	1041	2253	2077	2720	14688	8339	11229	1196	8895	3430	547	33636	48324	0.7
2006-07	Purchases	1205	509	299	376	447	555	3391	2341	2705	257	2566	1046	103	9018	12408	0.7
	Sales	1046	508	246	333	366	525	3025	2125	2455	303	2266	881	102	8131	11156	0.7
	Total	2252	1018	544	708	813	1081	6415	4466	5160	560	4831	1927	205	17149	23564	0.7
2005-06	Purchases	901	395	223	156	328	327	2331	1721	1968	167	1534	590	56	6036	8367	0.7
	Sales	910	441	234	155	328	345	2414	1740	2080	370	1558	625	62	6434	8848	0.7
	Total	1811	836	458	312	656	673	4745	3460	4048	537	3092	1215	118	12470	17215	0.7
2004-05	Purchases	652	371	128	38	107	100	1396	1438	1724	108	730	288	17	4304	5700	0.8
	Sales	589	275	223	39	102	106	1334	1400	1612	129	718	299	16	4174	5508	0.8
	Total	1241	646	351	77	209	206	2730	2838	3335	237	1447	587	33	8478	11208	0.8
2003-04	Purchases	522	287	76	36	74	54	1049	1008	1477	55	569	258	17	3385	4434	0.8
	Sales	471	204	162	38	63	59	996	1155	1334	143	573	267	22	3494	4489	0.8
	Total	993	491	237	74	137	113	2045	2163	2811	198	1142	525	39	6878	8923	0.8
2002-03	Purchases	369	160	60	13	37	21	659	660	1227	64	366	159	6	2482	3141	0.8
	Sales	353	159	71	13	34	27	657	696	1221	58	377	157	6	2515	3173	0.8
	Total	722	319	130	27	70	48	1317	1356	2449	122	744	315	12	4997	6314	0.8
2001-02	Purchases	323	82	64	12	21	14	516	578	1294	72	348	113	10	2416	2931	0.8
	Sales	317	163	30	11	21	16	558	890	2129	101	588	181	16	3905	4463	0.9
	Total	639	245	94	23	41	30	1073	1468	3423	173	935	294	26	6321	7394	0.9
2000-01	Purchases	335	87	50	17	24	14	527	624	1063	108	401	149	24	2369	2896	0.8
	Sales	335	173	26	16	24	17	591	586	978	107	421	155	23	2270	2861	0.8
	Total	670	260	76	34	48	31	1118	1210	2041	215	822	303	47	4638	5756	0.8
Note: FCY : Foreign Currency, INR : Indian Rupee+B25
Data relate to purchases and sales of foreign exchange on account of merchant and inter-bank transactions.
Source: Reserve Bank of India Bulletin : Weekly Statistical Supplement