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Retail inflation rises to 4.91% in Nov due to surge in vegetable prices
India's retail inflation in the month of November marginally rose to 4.91%, accelerating towards the upper limit of Reserve Bank of India's target range as fruit and vegetable prices climbed, the government data showed on Monday. It was 4.48% in October and 6.93% in November 2020.
The RBI has been mandated by the government to keep retail inflation at 4% with a margin of 2% on either side. However, November data has been within the central bank's target for a fifth consecutive month. Read
