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flag India's retail inflation hits 3.16%, lowest in nearly six years, due to cheaper food prices.

flag India's retail inflation dropped to 3.16% in April, the lowest in nearly six years, driven by lower food prices. flag The decline may prompt the Reserve Bank of India to cut interest rates further to support economic growth. flag Food inflation fell to 1.78%, a significant drop from 2.69% in March. flag The RBI projects an inflation rate of 4% for the financial year 2025-26, with potential rate cuts in upcoming policy meetings.

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