New Delhi, Oct. 14 -- India's benchmark inflation fell to its lowest ever level of 1.7% in the quarter ending September, also making it the first ever quarter when inflation has ended up below the Reserve Bank of India's target band of 2%-6%. This unique feat is a result of the monthly inflation print for September coming at 1.5%. Consumer Price Index grew at 1.5% in September, the lowest this number has been since June 2017. To be sure, the extraordinarily benign inflation in September is a result of disinflation in food prices rather than the Goods and Services reforms which came into effect on September 22 leading to a reduction in indirect tax rates in many goods and services. P12...