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India May inflation likely hit a four-month high on oil price surge: Reuters poll

Reuters  |  BENGALURU 

By Indradip GhoshBENGALURU (Reuters) - India's retail inflation jumped further in May to a four-month high, primarily driven by a surge in energy prices, according to a Reuters poll of economists, suggesting more policy tightening from the central bank is coming.On June 6, the Reserve Bank of India (RBI) raised the repo rate for the first time since 2014, by 25 basis points to 6.25 percent, as recent data showed significant increases for both inflation and growth. But the central bank kept its "neutral" policy stance unchanged.Mounting price pressure is a concern for the RBI, with its own ...

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First Published: Mon, June 11 2018. 10:44 IST