India's headline inflation eases to cooler-than-expected 2.82% in May as food prices slide
1. India's inflation rate dropped to 2.82% in May, below estimates. 2. RBI cut interest rates by 50 basis points to support economic growth. 3. Nomura forecasts India's CPI at 3.3% for FY 2026, below RBI's target. 4. India's GDP expanded 7.4% in Q1, surpassing expectations. 5. Trade talks with the U.S. could influence tariffs on Indian goods.