August inflation may ease below RBI's 4% target on softer food prices: Poll

India's inflation likely eased below the Reserve Bank of India's medium-term target in August on softer food prices, a Reuters poll showed, raising the probability the central bank will keep interest rates on hold at its next rate review. The poll of nearly 40 economists conducted from Sept. 4-7 predicted retail inflation eased to 3.

86 per cent from July's 4.17 per cent, below the RBI's 4 per cent target for the first time this year. While nearly three-quarters of contributors expected inflation fell below target,.

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