Retail inflation eases to 2.3% as pressure cools off, IIP grows 8%

Shaktikanta Das will chair the next monetary policy committee meeting in February

Two key indicators of macro economy— industrial production and retail price inflation — improved their performance in October and November, respectively. Industrial activity grew at an 11-month high of 8.1 per cent in October, while the retail inflation rate fell to a 17-month low of 2.33 per cent in November, showed the latest data released by the Central Statistics Office (CSO). 

With inflation consistently undershooting the Monetary Policy Committee's target, it increases the likelihood of a change in policy stance from calibrated tightening to neutral, which could serve as a precursor to a rate cut. Reserve Bank of India