Battling high prices, the investors as well as the common man witnessed a relief with the consumer price index (CPI) for the month of August coming at 3.66 percent.
Marginally lower than the July CPI, the range for the CPI was estimated between 3.3 percent and 3.6 percent.
Food inflation drew almost flat at 2.20 percent versus 2.15 percent (MoM) for the month of August.
However, the vegetable price inflation stands at -6.36 percent against -7.93 percent (MoM).
As per experts, the fall is a major positive indicator. Expectations are now high from the RBI Governor to cut repo rates by 25 basis points on September 29.