New Delhi, July 19 -- India's retail inflation eased again in June, marking the longest streak of decline in at least a decade. Meanwhile, Tesla has launched its first showroom in India, and Paytm shares surged past the Rs.1,000 mark after a gap of over six months amid strong market momentum.

India's retail inflation eased to 2.10% in June from 2.82% in May, nearing the RBI's lower tolerance limit of 2%. This marked the eighth straight month of decline, the longest stretch in at least a decade. Food prices, which make up nearly 40% of the CPI basket, fell 1.06% year-on-year in June, marking the first food deflation since January 2019. The cooling inflation offers some relief to the RBI, which struggled for years to keep it near its 4% ta...