Headline inflation to average 3.5 pc this fiscal: Crisil

Crisil projects India's headline inflation to average 3.5 percent this fiscal year. This is down from 4.6 percent in the previous year. Healthy agricultural production should keep food prices stable. Subdued Brent crude oil prices will help control non-food inflation. Another repo rate cut is expected. Retail inflation has more than halved. This boosts household purchasing power.