India Set for Record Central Bank Dividend to Cushion War Shock

India’s central bank may transfer a record surplus of nearly 3 trillion rupees ($31.2 billion) this week to the government, economists estimated, providing Asia’s third-largest economy a vital buffer as the Iran war escalates energy prices.

The Reserve Bank of India’s board will meet Friday to approve the dividend, according to people familiar with the matter who asked not to be identified as the information is not public. The central bank didn’t immediately respond to an email seeking comment.