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The Reserve Bank of India has cut policy rates by 135 basis points since early 2019 and maintains an accommodative stance

In a written reply in Lok Sabha, Shripad Naik said, "Three Rafale fighter aircraft have been handed over to IAF till date which are being used for training of IAF pilots and technicians in France."

The Supreme Court on Thursday dismissed petitions seeking a review of its judgment giving a clean chit to the Modi government in the Rafale fighter jet deal with French firm Dassault Aviation.

Defence Minister Rajnath Singh flew a sortie on the newly inducted French-built Rafale fighter, which was formally handed over to India here on Tuesday.

Shortly before flying a sortie, Singh performed Shastra Puja (worship of weapons) on the auspicious occasion of Vijayadashami. Videos from the Dassault Aviation facility in France' Merignac show Singh writing an 'Om' on the jet and laying flowers and a coconut on it.

The first squadron of the Rafale aircraft will be deployed at Ambala Air Force Station, considered one of the most strategically located bases of the IAF around 200 kilometres from the India- Pakistan border.

During his visit, he will receive the first of 36 Rafale fighter jets manufactured for India. On October 8, the Defence Minister is scheduled to meet the French President Emmanuel Macron.

On October 9, Singh will address the CEOs of the French defence industry during which he is likely to urge them to participate in 'Make in India' and the Defence Expo to be held in Lucknow in February next year.

The Indian Air Force will deploy one squadron each of the Rafale combat aircraft at its airbases in Ambala in Haryana and Hashimara in West Bengal.

The international community has supported India's position that all issues between the two countries should be resolved bilaterally.