India Inflation Cools Further, Supporting RBI’s Deep Rate Cut
A wholesale market in Jalandhar.
Photographer: Shammi Mehra/AFP/Getty Images
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here.
India’s inflation eased further in May, marking a seventh consecutive monthly decline and validating the central bank’s unexpectedly large interest rate cut last week.