India's Nov Retail Inflation Rises to 0.71%, Still Below RBI Target

• India's retail inflation slightly increased to 0.71% in November.
• This is the third consecutive month inflation has remained below the RBI's 2-6% target range.
• The slight rise was attributed to a slower decline in food prices, which fell by 3.91% in November.
• RBI has cut interest rates by 25 basis points this month, totaling 125 basis points in 2025.
• RBI revised its inflation forecast to 2% and GDP growth forecast to 7.3% for the current fiscal year.

Why It Matters: Low inflation and strong growth signal a healthy economy, benefiting borrowers.