Economy Current Affairs 7 September 2026: Forex Reserves, RBI Liquidity & Coal Gasification
Foreign-exchange reserves, RBI liquidity, FCNR(B) deposits and the coal/lignite gasification scheme selected for banking and competitive exams.
Published: 7 September 2026 · Exam-focused current affairs.
1. India's foreign-exchange reserves reach around $740 billion
India's foreign-exchange reserves have reached around the $740-billion level. Forex reserves are important for external-sector resilience and are frequently asked in banking and economy examinations.
2. RBI faces large surplus banking-system liquidity
Excess liquidity in India's banking system rose to about ₹10.3 lakh crore on 3 September 2026. High liquidity can put downward pressure on short-term market rates.
3. Private banks mobilise a large share of FCNR(B) deposits
Private-sector banks had mobilised about 46.9% of the special FCNR(B) inflows by 3 September 2026.
4. ₹37,500 crore Surface Coal/Lignite Gasification Scheme reaches application deadline
The Ministry of Coal's scheme promotes surface coal and lignite gasification to encourage value-added use of domestic coal and reduce import dependence. The first-round application deadline is 7 September 2026.
5. India's Q1 FY2026-27 GDP growth remains a key economy topic
India's real GDP growth of 7.8% in Q1 FY2026-27 remains important for banking, SSC, UPSC and State PCS preparation.
Quick Revision: Most Important Exam Points
- Forex reserves are around the $740-billion level.
- RBI surplus banking-system liquidity was about ₹10.3 lakh crore on 3 September.
- FCNR(B) means Foreign Currency Non-Resident (Bank).
- The coal/lignite gasification scheme has an outlay of ₹37,500 crore.
- India's Q1 FY2026-27 real GDP growth was 7.8%.
Frequently Asked Questions
What is the main exam focus of this page?
Economy current affairs for competitive exams and interviews.
What date does this current-affairs page cover?
7 September 2026.