Here’s today’s key financial update for India:

Here’s today’s key financial update for India: RBI is managing record foreign currency inflows, with minimal cost impact expected, while markets remain volatile due to oil prices and rupee fluctuations. GDP growth continues strong at 7.8% in Q1, driven by MSMEs. 📊 Major Financial Highlights (India – September 4, 2026) RBI & Forex Inflows Record diaspora deposits: RBI secured over $136 billion via forex swap windows, far exceeding 2013 levels. Minimal cost impact: High U.S. treasury yields expected to offset hedging costs; estimated exposure up to ₹36,000 crore. Liquidity surplus: Banking system liquidity at a record ₹9.7 trillion, prompting banks to pitch FX sell/buy swaps to drain excess rupee liquidity. Stock Market & Indices Sensex & Nifty: Indices drift higher amid global cues, though volatility persists. Sector movers:

KEI Industries down 6.26% IRIS Regtech Solutions up 5.52% Technocraft Ventures net profit up 14.45% (Q1 FY27) Mahanadi Coalfields net profit down 2.04% Currency & Commodities Rupee: Trading around ₹94.97/$, with RBI interventions stabilizing volatility. Oil prices: Elevated crude prices continue to cap INR gains. Gold (MCX): ₹155,701 per 10g, up sharply. Economic Growth GDP Growth: India posted 7.8% growth in Q1 FY27, largely driven by MSMEs and strong domestic demand. Startup Funding: Continued boom with Cohance investing $18M to strengthen ADC strategy. 📌 Key Risks & Considerations RBI’s forex inflows may reduce intervention costs but could pressure future surplus transfers to the government. Oil price surge poses inflationary risks and caps rupee appreciation. Liquidity glut in banks may affect margins if RBI deploys aggressive measures.