The Indian economy continues to show resilience amid global uncertainty and weak external demand, said the Reserve Bank of India (RBI) in its bulletin.

“The Indian economy displayed resilience amidst broader global uncertainty and weak external demand, with high-frequency indicators pointing to a revival in urban demand and robust rural demand,” the bulletin added.

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Headline inflation also “moderated sharply in September, marking its lowest reading since June 2017”.

The bulletin said there has been a trend in India’s Small and Medium Enterprise (SME) Initial Public Offering (IPO) market of sharp listing gains being followed by negative returns within a short period. This decline is even more pronounced in IPOs that attracted strong interest from retail investors.

The inab

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