Retail inflation likely hit 8-mnth high in June, but below 4%: Reuters poll


India's retail inflation likely reached an eight-month high in June on rising food prices, but stayed under the Reserve Bank of India's medium-term target of 4% for an eleventh straight month, a Reuters poll predicted.

Another reading below the inflation target will likely support the RBI's decision last month to cut interest rates to boost economic growth that slowed to more than a four-year low in the January-March quarter. According to the median consensus of 40 economists polled by Reuters between July 4-7, retail.....

This article is no longer available in our repository.

There could be multiple reasons for this.