India's Inflation Cools But Remains Above RBI's Target

India's wholesale price index fell 0.26% year-on-year in September, missing economists' forecast of a 0.5% rise.

Fuel and power prices dropped 3.35% in September, while food prices rose 1.54%.

September retail inflation eased to a three-month low but remained above the RBI's 4% target.

RBI kept lending rate steady for the fourth straight meeting, signaling 4% inflation is key for rate cuts.

Wholesale price index fell 0.52% in August compared to a year ago.