India Benchmark Wholesale Inflation Slows in April

Narinder Nanu | AFP | Getty Images

India's headline inflation slowed for a third straight month in April to 4.89 percent, a level seen comfortable for the central bank to persist with monetary easing to revive a flagging economy.

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April's reading is the lowest since November 2009 and is well below the 5.50 percent estimated by analysts in a Reuters poll. The wholesale price index, India's main inflation measure, rose an annual 5.96 percent in March.

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The reading for February was revised to 7.28 percent from 6.84 percent, the government data showed on Tuesday.