India, July 15 -- Indian shares were modestly higher in cautious trade on Tuesday as signs of easing domestic retail inflation opened the room for more RBI rate cuts in the coming months.
India's consumer price inflation eased further in June to the lowest level in more than six years, driven by the renewed fall in food prices, official data revealed.
Consumer price inflation eased more-than-expected to 2.10 percent in June from 2.82 percent in May.
The expected rate was 2.50 percent. This was the lowest inflation rate since January 2019, when prices had fallen just below 2.0 percent.
The benchmark S&P/BSE Sensex was up 160 points, or 0.2 percent, at 82,412 in early trade while the broader NSE Nifty index edged up by 49 points, or 0.2 p...