Does SBI Release Forex Rates Daily or Only on Weekdays?

Yes — SBI updates and releases forex rates on working days, but it does not operate like a 24/7 forex broker. SBI rate updates depend on:

• Market operating hours

• The bank’s own treasury update cycle

• RBI regulations

• Holiday schedules

Here’s what you should know:

• SBI’s forex calendar operates around India’s banking workdays (including many working Saturdays).

• Most daily updates are published on working days and refreshed during market hours (SBI’s published rates include a date/time stamp).

• SBI publishes rates through official channels, including branches, the SBI corporate banking portal, and forex documents shared online.

• You can also get them via SBI’s FX-Retail platform, great for live FX tracking.

So yes — SBI publishes forex rates daily on business days, but not necessarily 7 days a week.

Does SBI Release Forex Rates on Weekends?

Not always.

SBI generally does not refresh forex rates on Sundays (and sometimes even on certain Saturdays depending on banking closures). That means:

• Forex rates shown on Friday may remain unchanged until the next working day

• Saturday publication depends on whether it's a working Saturday and whether the bank’s treasury updates rates

• Sundays and public holidays usually have no fresh update

Why?

Because SBI's forex pricing is linked to banking operations and domestic settlement systems, which do not always run over weekends.

Here’s the practical outcome:

• If you're planning a transfer, don’t assume fresh rates will show up daily across weekends.

• Always check if the day is a working day — especially around festivals or banking shutdowns.

What Time Does SBI Update Forex Rates Every Day?

There is no single “guaranteed” time like a stock exchange.

However:

• SBI forex rate sheets often show a published timestamp

• Updates usually occur during standard banking hours

• Rate updates may happen multiple times a day based on market volatility

In most cases:

• Expect updates during Indian banking business hours

• Rates may adjust mid-day for major swings

• Some internal corporate pricing can vary per transaction size

If your transfer is large, SBI may also quote deal-specific rates, not the publicly listed ones.

SBI Forex Rates: Why Businesses Should Care

Even a small fluctuation in rates can change your cost structure.

Let’s say you're importing machinery worth $250,000:

• If USD/INR moves by ₹0.50, your cost changes by ₹125,000

• That difference could wipe out a chunk of your margin

Forex rates affect:

• ✅ Import costs

• ✅ Export revenues

• ✅ Overseas service payments

• ✅ International loan repayments

• ✅ Cross-border profit repatriation

So businesses can’t afford to treat forex rates as static.

How SBI Calculates Forex Rates (TT Buying, TT Selling, etc.)

SBI publishes multiple types of forex rates, and the one you use depends on the transaction.

The most common ones include:

• TT Buying – SBI buys foreign currency from you

• TT Selling – SBI sells foreign currency to you

• Bill Buying / Selling – for trade transactions

• Card Rates – used for travel cards and forex cards

Example:

• Exporters usually use TT Buying

• Importers use TT Selling

So don’t just look at “USD/INR” — look at the right rate type.

Tracking Real-Time Rates for Currency Pairs like USD/INR and EUR/INR

SBI publishes forex rates for major currency pairs like:

• USD/INR

• EUR/INR

• GBP/INR

• JPY/INR

But the spread (difference between buy/sell) depends on:

• Volatility

• Liquidity

• Transaction size

• Day/time of execution

Here's a sample snapshot:

So if you track forex daily, you need to factor in spreads too—not just spot rates.

What Impacts SBI Forex Rates Most?

Several forces influence SBI forex rates daily:

✅ 1. RBI Monetary Policy

Decisions from the RBI’s Monetary Policy Committee (MPC) can affect interest rates, which influences currency strength.

Higher interest rates often attract foreign investment, strengthening INR.

✅ 2. Global Dollar Strength

USD moves based on US Fed policy, inflation, jobs data, and global demand.

✅ 3. Oil Prices

India imports crude, so rising oil prices increase dollar demand, weakening INR.

✅ 4. Foreign Exchange Reserves

More reserves = more ability to stabilize INR.

If reserves fall sharply, INR becomes more vulnerable.

India’s forex reserves play a critical role here.

How RBI Holidays Affect SBI Forex Rate Updates

Forex updates don’t happen normally on:

• National holidays

• RBI banking shutdown days

• Festival closures

• Strike-related closures

During such days:

• SBI may retain the previous working day’s forex rate

• International transfers could still process later, but with delayed currency settlement

• Your transaction may get booked at the next working day’s updated rate

If you’re planning large transfers, you should always check RBI holidays in advance.

Why INR Volatility Makes Daily Rate Tracking Essential

INR currency pairs can be volatile, especially during:

• RBI policy announcements

• US inflation/Fed decisions

• geopolitical disruptions

• crude oil spikes

That’s why forex rates can change even within the same day.

Volatility Overview Table

For businesses, it’s not just about numbers. It’s about managing risk.

SBI Forex Rate Schedule vs Real Transaction Rates

Here’s the key point many businesses miss:

The publicly listed SBI forex rate is not always the rate you get.

SBI may apply:

• Revaluation margin

• Service charges

• Negotiated rate spreads for high-ticket transfers

• Special corporate quotes based on relationship tier

For example, a corporate client transferring $500,000 might receive a better TT Selling rate than what’s publicly displayed.

That’s why real execution depends on:

• Your relationship manager

• Transaction type

• Time of day

• Amount and currency

Real-Life Example: How Timing Affects Your Forex Cost

If you're wiring money overseas through SBI, rates may move between morning and afternoon.

That can affect the actual cost even if the forex amount stays unchanged.

Short answer: even half-day delays can impact brokerage fees and your net conversion value.

So internal planning tools and rate watching are a must for businesses moving large sums.

Business Planning: Aligning with SBI's Forex Rate Schedule

Daily timing matters—especially with foreign exchange. Businesses that play smart with forex do this:

✅ Planning Checklist for SBI Forex Transactions

• Schedule transfers early in the day (rates are fresher)

• Avoid weekends and RBI holiday clusters

• Confirm rates with SBI before booking large transactions

• Track macro events like RBI announcements and crude oil trends

Here’s a quick business use case table:

Quick FAQ: SBI Forex Rate Updates

✅ Does SBI update forex rates every day?

Yes — on banking workdays. Rates may not update on Sundays and bank holidays.

✅ Can I get SBI forex rates online?

Yes. SBI publishes rate sheets and provides platforms like FX-Retail for rate tracking.

✅ Are SBI forex rates the same for all customers?

Not always. Corporate clients may negotiate rates depending on deal size.

✅ Can SBI change forex rates multiple times a day?

Yes — especially during volatile periods.

Final Cheat Sheet (For Busy Business Owners)

If you're serious about reducing forex loss:

• ✅ Check SBI forex updates early each working day

• ✅ Avoid executing transfers during holidays/weekends

• ✅ Use the right rate type (TT Buying/Selling, Bills, etc.)

• ✅ Track RBI + global macro movements

• ✅ Compare your average TT Buying/Selling spread monthly—it helps during audits

Smart currency moves are all about planning, timing, and asking the right questions.

Conclusion

If you’re running a business that deals in international payments, SBI forex rates are not just a number—they’re a tool. And when you learn to read it, your margins thank you.

Want to stop overpaying on your next forex deal? Start by showing up at the right time.

Here’s how to keep your head above water:

• Always check official SBI channels before making transfers.

• Don’t rely on last week’s rates—those change fast.

• Match the rate type (TT Buying, Forward, etc.) to your specific deal.

• Watch for macro signs—interest rate shifts, oil prices, the usual suspects.

If you want a second opinion on execution timing beyond bank rate sheets for forex trading, FXBee’s best forex broker directory and forex cashback rebate explainer can help you compare costs across providers. For publishers and consultants monetizing FX content, the forex affiliate program is built for performance-based referrals—and FXBee live chat support is there if you need help setting things up.

Talk to a seasoned CFO, and they’ll tell you: it’s not just about the rates—it’s about knowing when and how to move.

References

1. STATE BANK OF INDIA - FOREX CARD RATES (PDF) - https://sbi.bank.in/documents/16012/1400784/FOREX_CARD_RATES.pdf

2. FX-Retail - Personal Banking - SBI - https://sbi.bank.in/web/personal-banking/fx-retail

3. State Bank of India - Corporate Banking - https://corp.onlinesbi.sbi/corporate/

4. SWIFT Codes - NRI - SBI - https://sbi.bank.in/web/nri/quick-links/swift-codes

5. Income Tax Dept PDF: Enhancing Tax Transparency on Foreign Assets & Income - https://www.incometax.gov.in

6. Reserve Bank of India Monetary Policy - https://rbi.org.in/commonman/English/scripts/commpol.aspx

7. RBI Press Release: Payment systems not operated on second and fourth Saturdays - https://www.rbi.org.in/commonman/English/Scripts/PressReleases.aspx?Id=1562

8. RBI Holiday List 2026 (ClearTax) - https://cleartax.in/s/rbi-holidays-2026

9. Mint: India's forex reserves jump $392 million to $687.19 billion - https://www.livemint.com