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 sharp decline in inflation has increased expectations for another rate cut by the RBI on April 9. If this occurs, it will mark the second rate reduction in just two months.

Retail inflation in India dropped to 3.61% in February due to decreased prices in vegetables and protein-rich items, offering a chance for the Reserve Bank of India to consider another interest rate cut.