Oct retail inflation rises marginally to 4.48%; Sept IIP slows to 3.1%

This marks the fourth consecutive month inflation has been within the Reserve Bank of India's tolerance band of 2%-6%

India's retail inflation in October rose marginally to 4.48 per cent due to uptick in food prices, leaving the Reserve Bank of India room for now to leave interest rates steady, government data showed on Friday.

The inflation, as measured by the consumer price index (CPI), was 4.35 per cent in September. This marks the fourth consecutive month inflation has been within the RBI's tolerance band of two per cent-six per cent.

According to the data released by the National Statistical Office (NSO), inflation in food basket rose to 0.85 per cent in October, compared to 0.68 per cent in