India's Nov Retail Inflation Up to 0.7%; Subdued Pressures Persist

• India's retail inflation rose to 0.7% in November from 0.3% in October, but price pressures remained subdued.
• The uptick was primarily due to narrowing deflation in food and beverages, while core inflation eased marginally.
• Headline inflation averaged 1.8% this year, well below the RBI's 2-6% target band.
• The RBI cut its FY26 inflation forecast to 2.1%, marking the fourth downward revision this year.
• Economists expect inflation to remain muted, with potential for a final 25 bps rate cut before a prolonged pause.

Why It Matters: Continued low inflation may lead to further RBI rate cuts, impacting your finances.