Retail inflation falls to near 5-year low of 3.5% in July

In July, retail inflation in India fell to a near 5-year low of 3.5%, led by a drop in prices of vegetables, fruits, and spices. Industrial output growth also slowed to 4.2% in June. The easing inflation has sparked hopes for interest rate cuts in the second half of the fiscal year.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/i5lowOf