March retail inflation eases to 4.83%; February IIP rises 2%
Food inflation eased slightly to 5.21 percent in March from 5.30 percent in the previous month
India's annual consumer inflation eased for the second straight month to 4.83 percent in March, helped by smaller rises in food prices, government data showed on Tuesday.
Economists surveyed by Reuters had forecast retail inflation would slow to 5 percent in March from an upwardly revised 5.26 percent in February.
Food inflation eased slightly to 5.21 percent in March from 5.30 percent in the previous month.
Meanwhile, industrial output grew at an annual rate of 2.0 percent in February, government data showed on Tuesday.
Economists surveyed by Reuters had forecast output would grow by 1.0 percent compared with a 1.5 percent year-on-year contraction in January.
India's industrial production grew 0.6 percent in February beating analyst estimates of a contraction after a surprisingly strong rise in January.
The current levels of the INR indicate that negatives will be more prominent but that is obvious.
Economists’ inference based on the April numbers is that a June rate cut by RBI is out of question