The Reserve Bank of India is set to conclude its policy meeting, where the central bank is expected to trim the repo rate by 25 basis points to 6.25%.

Asia-Pacific markets traded in red on Monday amid fears of a global trade war following U.S. tariff measures, triggering a selloff in risk assets. President Donald Trump imposed a 25% tariff on Canadian and Mexican imports and a 10% tariff on Chinese goods,

Japan's Nikkei 225 futures pointed to a higher open for the market. The futures contract in Chicago is currently at 38,985 and its counterpart in Osaka last traded at 38,960 compared to the index's previous close of 38,831.48.

Asian markets rose tracking gains on Wall Street and following the US Postal Service's U-turn on a ban on parcels from China and Hong Kong.

Asia-Pacific markets traded mostly in rise on Thursday tracking gains on Wall Street and driven by easing concerns over a global trade war, after the US and China adopted more restrained tariff measures,