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India's retail inflation eases for second straight month in February

Reuters  |  NEW DELHI 

By Manoj KumarNEW DELHI (Reuters) - India's retail inflation eased for the second straight month in February but remained above the 4 percent medium-term target of the Reserve Bank of India (RBI), strengthening views it will hold rates steady at its April meeting rather than raise them.The central bank, which has kept rates steady since a 25-basis-point cut in August, is widely expected to maintain rates at their current level next month.India's measure of consumer price inflation on an annual basis, the CPI index, eased to 4.44 percent in February, data released by the Ministry of Statistics ...

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First Published: Mon, March 12 2018. 18:28 IST
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