India's retail inflation accelerated to a 9-month high of 5.49% YoY in September from 3.65% in August. While food and beverages inflation rose to a 3-month high of +8.4% YoY (+5.3% in Aug), core inflation saw a mild increase to +3.5% YoY (+3.4% in Aug). Within food, sequential momentum was largely driven by uptick in veggies (+3.5% MoM) and edible oil prices (+2.9% MoM).

India's index of industrial production contracted by 0.1% YoY in August due to statistical base effect along with higher rainfall, versus a growth of +4.7% YoY seen in July.

US CPI inflation for September printed in at 2.4% YoY (expectations: 2.3%) against 2.5% in the previous month. Core CPI inflation moved higher from 3.2% YoY to 3.3% in September.