Indian inflation is likely to have cooled to a 16-month low in November, according to a Reuters poll, as food and fuel prices fell, supporting the Reserve Bank of India’s decision to keep interest rates on hold at a policy meeting last week. The poll of 40 economists predicted retail inflation sank in November to 2.80 percent from October’s 3.31 percent. Forecasts in the poll, taken between Dec. 4-7, ranged between 2.26 percent and 4.00 percent.If the consensus is realised, the November data will not only mark inflation below the RBI’s medium-term target of 4 percent for a fourth straight month but also be the first time since July 2017 it was below 3 percent.