New Delhi, April 7 -- The inflation in India may remain below 4 per cent in the first half of the financial year 2025-26 (FY26), said a report by State Bank of India (SBI).

This could be the first time inflation stays below 4 per cent for two quarters in a row in recent years.

The report said, "US has imposed reciprocal tariffs to many economies that is more than India's....This will increase the fear of dumping into India by these countries, resulting in lower inflation."

It noted that the consumer price index (CPI) inflation is expected to fall to 3.8 per cent in the fourth quarter of FY25. For the full year FY25, average inflation may be around 4.6 per cent.

Based on this trend, SBI expects inflation to come down to 3.9-4.0 per cen...