Economists polled by Reuters had forecast the policy rate to remain unchanged at 5.25%.

Officials and business leaders welcomed lower tariffs, but India has not yet confirmed that it would stop buying Russian oil, which President Trump said Prime Minister Narendra Modi had agreed to.

Under the leadership of Suryakumar Yadav, the Men in Blue are chasing two unprecedented milestones: becoming the first team to successfully defend a T20 World Cup title and the first host nation to win the tournament on home soil since its inception in 2007.

The U.S. and India have finalized a trade deal on Monday after months of negotiations, steadying a relationship that had plummeted to its lowest point in decades.

By Ashwin Manikandan MUMBAI, Feb 6 (Reuters) - The Reserve Bank of India will propose a framework to compensate customers up to 25,000 rupees ($276) for losses incurred in small-value fraudulent transactions,

Trump promised as part of that agreement to lower his tariff on Indian goods from 50 percent to 18 percent. He said he would do that by eliminating the 25 percent tariff meant to pressure India to stop purchasing Russia oil and by reducing the 25 percent “reciprocal” tariff he also imposed on India.

The escalation in tensions between India and the US had cast a shadow over the electronics sector in the country. At the height of the tensions, US President Donald Trump had threatened to impose a 25