The two countries also decided to create a new trade policy forum working group on resilient trade, and to continue to work together on resolving outstanding trade issues, they added in the statement.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise