India's Monetary Policy Committee, led by RBI Governor Sanjay Malhotra, cuts the benchmark repo rate by 25 basis points for the second time in a row.China imposes an additional 50% tariff on US goods, escalating the trade war.Brent crude oil prices fall nearly 5%, dropping below the $60 per barrel-mark.The Securities and Exchange Board of India raises the threshold for additional FPI disclosures from Rs 25,000 crore to Rs 50,000 crore.