India's inflation rate dips to cooler-than-expected 3.61% in February, below central bank's target
1. India's inflation dropped to 3.61%, below expectations of 3.98%. 2. The RBI's inflation target was not exceeded for the first time since last summer. 3. GDP growth for Q4 was reported at 6.2%, slightly below forecasts. 4. Bank of America predicts 100 basis points of RBI rate cuts by 2025. 5. RBI's pivot toward growth could influence global market sentiments.