diff --git a/redshift_connector/utils/type_utils.py b/redshift_connector/utils/type_utils.py
index 6eb18f9..211486e 100644
--- a/redshift_connector/utils/type_utils.py
+++ b/redshift_connector/utils/type_utils.py
@@ -8,7 +8,7 @@
 from datetime import time
 from datetime import timedelta as Timedelta
 from datetime import timezone as Timezone
-from decimal import Decimal
+from decimal import Context, Decimal
 from enum import Enum
 from json import loads
 from struct import Struct
@@ -225,6 +225,9 @@ def intervald2s_send_integer(v: IntervalDayToSecond) -> bytes:
     return typing.cast(bytes, q_pack(microseconds))
 
 
+_NUMERIC_BINARY_CONTEXT: Context = Context(prec=39)
+
+
 def numeric_in_binary(data: bytes, offset: int, length: int, scale: int) -> Decimal:
     raw_value: int
 
@@ -233,7 +236,10 @@ def numeric_in_binary(data: bytes, offset: int, length: int, scale: int) -> Deci
     else:
         raise Exception("Malformed column value of type numeric received")
 
-    return Decimal(raw_value).scaleb(-1 * scale)
+    # scaleb() rounds to the current decimal context (28 digits by default),
+    # which silently truncated NUMERIC(38, s) values. A 16-byte value has at
+    # most 39 digits, so this context keeps every digit.
+    return Decimal(raw_value).scaleb(-1 * scale, context=_NUMERIC_BINARY_CONTEXT)
 
 
 def numeric_to_float_binary(data: bytes, offset: int, length: int, scale: int) -> float:
diff --git a/test/unit/datatype/test_data_in.py b/test/unit/datatype/test_data_in.py
index 4f07a28..f9c36f6 100644
--- a/test/unit/datatype/test_data_in.py
+++ b/test/unit/datatype/test_data_in.py
@@ -1,6 +1,6 @@
 import typing
 from datetime import date, datetime, time, timedelta, timezone
-from decimal import Decimal
+from decimal import Context, Decimal
 from enum import Enum, auto
 from math import isclose
 
@@ -492,3 +492,21 @@ def test_numeric_to_float_binary_raises_for_invalid_length(length):
             length,  # invalid length
             8,
         )
+
+
+@pytest.mark.parametrize(
+    "value, scale, length",
+    [
+        (Decimal("12345678901234567890.123456789012345678"), 18, 16),
+        (Decimal("-99999999999999999999.999999999999999999"), 18, 16),
+        (Decimal("0.000000000000000001"), 18, 16),
+        (Decimal("170141183460469231731687303715884105727"), 0, 16),
+        (Decimal("-12345.67"), 2, 8),
+    ],
+)
+def test_numeric_in_binary_is_exact_beyond_28_digits(value, scale, length):
+    raw_value = int(value.scaleb(scale, context=Context(prec=60)))
+    data = raw_value.to_bytes(length, byteorder="big", signed=True)
+    result = Datatypes.numeric_binary(data, 0, length, scale)
+    assert result == value
+    assert result.as_tuple().exponent == -scale