The Reserve Bank of India seeks to boost the sluggish economy and sees inflation easing towards its 4% target.

India's rate of inflation rose, or more precisely, the Consumer Price Index, which is the most reliable means of gauging retail inflation, rose to 6.21 per cent in October, compared to its low of 3.6 per cent in July.

The Reserve Bank of India has cut its key interest rate for the first time in nearly five years, as cooling inflation has offered room to stimulate the slowing economy. The Monetary Policy Committee decided to trim the repo rate by 25 basis points to 6.

India is expected to cut interest rates for the first time in nearly five years on Friday to provide stimulus to its sluggish economy, with easing price pressures giving policymakers more room to manoeuvre.

India's central bank cut interest rates today for the first time in nearly five years, as concerns over a growth slowdown in the world's fifth largest economy outweighed inflation risks.

The Reserve Bank of India is widely expected to cut interest rates for the first time in nearly five years. This is according to a Reuters survey of economists and analysts. Inflation in India has declined;