The country's inflation rate reading comes after India had missed growth expectations for its fiscal second quarter

India's retail inflation eased in November as soaring vegetable prices moderated, boosting expectations of an interest rate cut by the central bank at its next policy review amid concerns around slowing growth.

India's retail inflation eased to 5.48% in November, down from 6.21% in October, driven by moderating vegetable prices and stabilized edible oil costs. The RBI's Monetary Policy Committee raised inflation estimates to 4.

India's retail inflation in November eased to 5.48% as soaring vegetable prices moderated during the month due to an improvement in supply, according to government data released on Thursday. A Reuters poll had projected retail inflation at 5.

India's consumer price index (CPI)- based inflation eased to 5.48 per cent in November after soaring vegetable prices moderated due to an improvement in supply. November's inflation print moderated after the indicator hit a 14-month high in October due to high food inflation and subdued urban consumption.