The restaurant business has been under a lot of pressure of late, but now the buzz is that the sector is seeing a revival, across formats to boot.

The retail inflation number is the lowest since September 2017 when it touched 3.28 per cent.

If the data meets forecasts, October will mark the third straight month retail inflation has been below the Reserve Bank of India's medium-term target of 4%, supporting the central bank's surprise decision to hold interest rates at its meeting last month.

Of late concerns over margins hover around FMCG sector owing to a surge in crude oil prices and a depreciating rupee, which pushed up the costs of raw material for the FMCG companies.

However, investor mood remained cautious due to fresh weakness in the rupee on rising crude oil prices and a subdued trend at other Asian markets, following worries over Sino-US trade disputes, a possible slowdown in the Chinese economy and signs of tighter monetary policy by the US Federal Reserve.

Inflation in 'fuel and power' basket in September was 16.65 per cent. Individually, in petrol and diesel it was 17.21 per cent and 22.18 per cent, respectively, and for LPG it was 33.51 per cent.

India has witnessed foreign fund outflows of about Rs 83,000 crore this year, ballooning their total equity sell-off in October to over Rs 17,000 crore.