India's inflation declined for a second straight month year on year, coming in just below expectations at 5.22% in December, boosting the case for prospective interest rate cuts. Analysts polled by Reuters had forecast a 5.

India’s inflation eased last month, but a plunging currency may give the central bank reason to delay cutting interest rates just yet.

India's annual retail inflation in December eased to a four-month low, government data showed on Monday, boosting hopes of the country's central bank cutting interest rates in February. Annual retail inflation in December eased to 5.

India's annual retail inflation in December eased to 5.22% from 5.48% in the previous month as the rate of increase in food price slowed, according to government data released on Monday. Annual retail inflation in December was lower than economists' estimate of 5.