The Reserve Bank of India stated in its monthly bulletin released on Friday that the Indian economy remained resilient despite global uncertainties driven by the West Asia crisis.
The central bank noted that the escalation of conflict in September led to a sharp increase in crude oil prices, reigniting supply chain disruption and inflation concerns.
Driven by a special deposit scheme for non-resident Indians, foreign exchange reserves reached a record high of $766 billion as of September 18, 2026.