Inflation jump means India monetary easing hard: Rangarajan

Last month, RB had cut 50 bps at its quarterly policy meeting

A higher-than-expected jump in April inflation makes it difficult for the RBI to moderate monetary policy, the prime minister's top economic adviser C. Rangarajan said on Monday.

India's inflation accelerated in April to 7.23% as price pressures for food, fuel and manufactured items all picked up, adding to the Reserve Bank of India's struggle to control prices when economic growth has slumped to a near three-year low.

The bank cut interest rates by a steeper-than-expected 50 basis points at its quarterly policy meeting last month in a move to boost the sagging economy, but warned that there was limited scope for more cuts.