India's benchmark indexes may open higher on Wednesday, after logging their biggest daily losses in a month in the last session, lifted by milder-than-expected U.S. and domestic inflation numbers for April.

India’s retail inflation cooled to a near six-year low of 3.16 percent in April 2025, driven by a broad-based drop in food prices, but economists expect a marginal uptick to around 3.5 percent in May due to a likely surge in vegetable prices in the latter half of the month.

I ndia’s Retail Inflation 2025, India’s Retail Inflation Rate & outlook for April 2025 live news updates: Indian economy likely to grow 6.5-6.9% in Q4 FY25, driven by rural demand and government spending, with positive growth outlook.

By Pranoy Krishna BENGALURU (Reuters) -Indian consumer inflation likely eased to a near six-year low in April after a further moderation of food price rises, keeping it below the Reserve Bank of India's 4% medium-term target for a third straight month,

The benchmark stock indices rebounded on Wednesday, with the Sensex jumping over 500 points and the Nifty reclaiming the 24,700-mark, led by easing inflation data in India and the United States. Easing global tensions and strong cues from overseas markets also boosted the sentiments.

Retail inflation in India cooled for the sixth consecutive month in April 2025, coming in at 3.16%, the lowest it has been in 69 months. The fall in prices has been driven in large part by sharply easing food prices, especially those of vegetables and pulses.

In the past 13 months, the food inflation has seen a sharp decline of 91 basis points in April 2025 in comparison to March 2025, when it stood at 2.69%, and is the lowest after October 2021. All India inflation rates for CPI (General) and CFPI over the last 13 months are shown below.

With food prices easing further, economists now see June quarter and FY26 inflation trending below the RBI’s four percent forecast.