New Delhi,12/3: Subdued food prices in February pulled down retail inflation below the Reserve Bank’s median target of 4 per cent while the country’s manufacturing sector pushed the key factory output index to 5 per cent in January, showed data released by the government on Wednesday.
The sharp decline in inflation has raised the prospects for another rate cut by the Reserve Bank of India (RBI) on April 9. If RBI reduces rate next month, it will be the second rate cut within two months.
