India inflation likely eased below 4pc

BENGALURU, Mar 10 (Reuters): India's February consumer inflation likely eased below the Reserve Bank of India's medium-term target of 4.0 per cent for the first time in six months on moderating food price rises, a Reuters poll showed, bolstering expectations of interest rate cuts.

As fresh winter produce hit markets over the past few months, food items - which make up nearly half of the inflation basket - saw a sustained slowdown in price increases. That marked a welcome reprieve from supply disruptions last year when unpredictable monsoons and intense heat waves sent food prices soaring.