Prime Minister Narendra Modi lauded President Vladimir V. Putin of Russia, underlining the close personal relationship between the leaders and their countries' longtime friendship.
Russian President Vladimir Putin has held talks with Indian Prime Minister Narendra Modi at an annual summit, focusing on diversifying economic ties. The 23rd Russia-India Summit comes as the U.S.
The Reserve Bank of India (RBI) has cut the repo rate by 25bp to 5.25% and announced liquidity measures, including open market bond purchases and FX swaps.
Putin said he would continue 'uninterrupted shipments' of fuel to India, as New Delhi faces heavy U.S. pressure to stop buying oil from Moscow amid the ongoing war in Ukraine.