Retail CPI inflation eases to 7-month low of 3.61% in February; January IIP growth at 5%

Retail inflation in February dropped to a 7-month low of 3.61%. It remains within the RBI's target. Food inflation also saw significant reductions in both rural and urban areas. This decline may encourage the Monetary Policy Committee to cut the repo rate in April to boost GDP growth. https://ift.tt/gTX1fAP