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The fifth-year student Anjani Kumar, 23, of local Mechnikoff Medical Academy was returning to his hostel on Wednesday night when he was attacked by a group of "unknown" youths who stabbed him in the neck.
According to local agencies, the Indian student has been hospitalised and is reportedly out of danger.
The police have launched a search for the attackers.
The incident comes in the wake of a string of racial attacks by Russian skinheads in different parts of the country to mark Nazi dictator Adolph Hitler's birthday on Thursday.
Although there is a visible presence of police in public places frequented by non-whites, many Asian and African expatriates and students have decided to stay at home on Thursday.