India's inflation lower than expected

Inflation in India fell to its lowest level in three months, rising by 5.02 percent y-o-y in September. This decrease was influenced by lower vegetable prices.

The data realized in below economists' expectations of a 5.5 percent increase and is still above the Reserve Bank of India's 4 percent target.

Last week, the Reserve Bank of India had decided to keep interest rates unchanged at 6.5 percent.