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India inflation likely eased in Nov to 16-month low: Reuters poll

Reuters  |  BENGALURU 

By Anisha ShethBENGALURU (Reuters) - Indian inflation is likely to have cooled to a 16-month low in November, according to a Reuters poll, as food and fuel prices fell, supporting the Reserve Bank of India's decision to keep interest rates on hold at a policy meeting last week.The poll of 40 economists predicted retail inflation sank in November to 2.80 percent from October's 3.31 percent. Forecasts in the poll, taken between Dec. 4-7, ranged between 2.26 percent and 4.00 percent.If the consensus is realised, the November data will not only mark inflation below the RBI's medium-term target of ...

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First Published: Mon, December 10 2018. 09:38 IST