Economics
Easing Inflation Makes Room for India Rates to Remain Lower
- Consumer prices rose 4.35% last month versus 5.3% in August
- RBI has kept rates unchanged for eight meetings in a row
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India’s consumer prices rose at the slowest pace in five months, supporting the case for the central bank to keep interest rates lower for longer to aid economic growth.
Consumer prices rose 4.35% in September from a year earlier compared to 5.3% in August, the Statistics Ministry said in a statement Tuesday. That’s slower than the median forecast for a 4.5% gain in a Bloomberg survey of 35 economists.