India also has a long-standing policy of refusing to allow foreign mediation when it comes to the status of Muslim-majority Kashmir - a disputed region claimed by both India and Pakistan in its entirety - which has been at the center of the latest conflict with Pakistan and which India regards as a strictly internal matter.

Indian shares are set to open higher on Monday as India and Pakistan reached a truce over the weekend after intense firing of missiles and drones at each other's military installations for four days.

The ceasefire had been expected to bring a swift end to weeks of escalating clashes triggered by the mass shooting of tourists last month that India blames on Pakistan.