New Delhi: After the decline in retail inflation in February to 3.6 per cent, the March inflation print is also trending below the RBI's 4 per cent target which is likely to lead to another rate cut by the central bank next month, according to an HSBC Research report.

India’s retail inflation dropped sharply to 3.61% in February 2025, falling below the 4% mark for the first time in six months, driven by lower vegeta

The sharp decline in inflation has increased expectations for another rate cut by the RBI on April 9. If this occurs, it will mark the second rate reduction in just two months.