India's headline inflation eased to 3.16% in April, the sixth consecutive month of decline.The reading was lower than March's data of 3.34%, and is lower than the 3.27% expected by economists polled by Reuters.

India's retail inflation remained below the central bank's 4% target for the third consecutive month as food prices rose at a slower pace, opening up room for more interest rate cuts to support growth in the world's fifth-largest economy.