The Reserve Bank of India kept its benchmark interest rate unchanged on Friday, as expected, as inflation remained at manageable levels and growth concerns eased following increased government spending in the Budget and reduced tariff pressures after a trade deal with US.

The U.S. deal comes after global trading partners have been signing trade pacts, leaving America looking ostracized and more isolated.

An importer is challenging President Donald Trump's tariffs on steel and aluminum in a filing that could reshape how those duties apply to downstream products.

The relationship between India and Canada has been visibly on the mend since Mr. Modi attended the Group of 7 summit in Alberta at Mr. Carney’s invitation in June 2025, shortly before the shock of the American tariffs.