Inflation in India is expected to have cooled to a one-year low in September as good monsoon rains kept a lid on food prices. The latest poll of over 30 economists showed retail inflation eased further last month to 4.80 percent, the lowest since September 2015, from 5.05 percent in August. India’s central bank has softened its stance on the timeline for meeting its inflation goal and lowered the real interest rate target, giving it room to cut rates further.

(NDTV)