Indian CPI fell for three consecutive month.

Indian consumer inflation fell for the third consecutive month in February, dropping to 8.1% on year from 8.79% in January and coming in below consensus of 8.3%. The decline comes as the Reserve Bank of India considers setting a CPI target after having raised interest rates three times since September. Meanwhile, industrial output surprisingly rose 0.1% in January vs expectations for a contraction of 0.9%.