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Retail inflation at 19-month low in January; industrial output up 2.4% in December

India's retail inflation rate dropped to 2.05 percent in January from a year earlier, lowest since June 2017, government data showed on Tuesday.

The decline was due to a fall in food prices and smaller increases in fuel costs.

Meanwhile, the country's industrial output in December rose 2.4 percent from a year earlier, slightly higher than forecast, government data showed on Tuesday.

December's growth was much faster than a downwardly revised 0.3 percent year-on-year increase in November, the data showed.

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