New Delhi, May 14 -- Retail inflation in India eased to a 69-month low in April, primarily due to continued moderation in food prices, bolstering expectations that the Reserve Bank of India (RBI) will maintain its interest rate-cutting trajectory in the coming months.

According to data released by the National Statistics Office (NSO) on Tuesday, retail inflation, measured by the consumer price index (CPI), declined to 3.2 per cent in April from 3.3 per cent in March, marking its lowest level since July 2019.

Rural inflation stood at 2.9 per cent, while urban areas experienced a slightly higher rate of 3.4 per cent. This represents the third consecutive month that retail inflation has remained below the central bank's target of 4 per cen...