India's Retail Inflation has come down to an 18-month low of 4.70% in the Month of April.

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Data released by the National Statistical Office (NSO) on Friday showed that the Consumer Price Index (CPI) for April stood at 4.70, below the upper bound of the Reserve Bank of India's medium-term 4+/- 2% Target.

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The Country's headline Inflation remained within the RBI's limit for the second Month in a Row.

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India's Headline Inflation stood at 5.66% in March.

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The Consumer Food Price Index (CFPI) declined to 3.84% in April, compared to 4.79% in March.

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Meanwhile, Rural inflation stood at 4.68% and Urban inflation at 4.85% in April.

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RBI has increased the repo rate by 250 basis points since May last year to keep inflation under the Band.

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RBI's repo Rate is currently 6.50% .

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