Despite rising industrial metal prices, India's core inflation outlook remains positive. Significant factors like a stable rupee, declining energy prices, and a normal monsoon suggest a supportive inflation environment,

India's retail inflation fell below 4% in February for the first time in six months mainly due to a decline in vegetable prices, giving the central bank room to cut rates further in coming meetings. Annual retail inflation in February eased to 3.

The report also noted that the decline in WPI inflation is primarily driven by a reduction in vegetable prices, a major contributor to food inflation