Indian inflation continues to ease, industrial output edges up


Indian consumer inflation fell for the third consecutive month, dropping to 8.1% on year in February from 8.79% in January and coming in below consensus of 8.3%.

The decline comes as the Reserve Bank of India  considers setting a CPI target after having raised interest rates three times since September.

Meanwhile, industrial output surprisingly grew for the first time in four months, expanding 0.1% in January vs expectations for a contraction of 0.9%.

The Sensex is +0.4% and the USD-INR is +0.1% 61.026 rupees.

ETFs: EPI, INDY, SCIF, PIN, INP, INDL, ICN, INR, INDA, SCIN, INXX, INCO, SMIN

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