India inflation cools, factory output weakens

MUMBAI: India’s inflation rate fell to its lowest level in four months and growth in industrial output slowed, official data showed on Tuesday, increasing calls for an interest rate cut next month.

Consumer inflation eased to 4.87 percent in April from a year earlier, the slowest pace since December, on the back of lower food costs, and down from 5.25 percent in March, the data showed.