India’s inflation rate slows to 3.16% in April, marking six straight months of decline

Inflation cools to 6-year low of 3.16% in April: Here's what it means

Retail inflation eased to a nearly six-year low of 3.16 per cent in April, mainly due to subdued prices of vegetables, fruits, pulses, and other protein-rich items, creating enough room for the Reserve Bank to go for another round of rate cuts in the June monetary policy review. The Consumer Price Index (CPI) based inflation was 3.34 per cent in March and 4.83 per cent in April 2024. It was 3.15 per cent in July 2019. “This is an 18 basis points…

Sensex Up 281 Points As Retail Inflation Drops To 6-Year Low In April

Equity benchmark indices Sensex and Nifty rebounded in early trade as retail inflation eased to a nearly 6-year low of 3.16% in April, creating enough room for the Reserve Bank to go for another round of rate cut in the June monetary policy review.

Sensex, Nifty open higher after inflation cools, geo-political tensions ease

Mumbai: The Indian frontline indices opened in the green on Wednesday after retail inflation hit multi-year low and geo-political tensions eased. At around 9:25 am, Sensex was up 414 points or 0.51 per cent at 81,562 and Nifty was up 136 points or 0.55 per cent at 24,712. Buying was seen in the midcap and smallcap stocks. Nifty midcap 100 index was up 510 points or 0.92 per cent at 56,030 and Nifty smallcap 100 index was up 132 points or 0.78 pe…

Inflation dips for 7th month to 3.2%, lowest since July 2019

India's inflation dropped to 3.16% in April, the lowest since July 2019, raising hopes for a rate cut by RBI in June to support economic growth.

India's April retail inflation eases to 3.16%, lowest in nearly six years

India's annual retail inflation slowed to 3.16% in April from 3.34% in March, marking its lowest in nearly six years as food prices rose at a slower pace, government data showed on Tuesday.

India's retail inflation drops to 3.16% in April, lowest in over five years

India’s retail inflation cooled to 3.16% in April, the lowest in over five years, helped by a sharp drop in food prices. Rural inflation fell more sharply than urban, providing further relief for policymakers.