The Wholesale Price Index (WPI)-based inflation fell to 0.9% in the month from 2.17% in May, according to data released on Friday. The data adds to the likelihood that the RBI may announce an interest rate cut in its meet in August. The WPI is now at its slowest pace in 11 months in June. Link

Emerging markets investor Mark Mobius says that Indian markets are a good target for global investors, with the GST set to benefit firms, and falling inflation setting the scene for interest rate easing by RBI. Indian markets have a valuation, he wrote, at the highest in the last seven years. Link

Suzlon Energy says that it has exited its Brazil business. The subsidiary was established in 2006 to manage business operations in the country. Based on the company's recent management statements, the focus has moved to the US in the Americas, and the firm's current international bid book stands at around 1GW. Suzlon is hoping for new wins of around 300 MW in FY19. Link

Photo of the day: A contestant competes in the Aquatic Championships. Stefan Wermuth/Reuters