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    <title>Inflation cools to 6-yr low of 3.16 pc in April; sparks more rate cut hopes</title>
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    <description>Retail CPI inflation eased to a near six year low in April driven by disinflation in vegetables, pulses, fruits and protein items, creating room for further monetary easing under the central bank&#039;s inflation target framework (4% with a 2 point band). Published quarterly CPI projections indicate inflation remaining around the target band, supporting prospects of additional policy rate cuts, while regional and rural urban variations and the CPI sampling methodology are relevant to policy calibration.</description>
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