India's Inflation Accelerates to 4. 45%, But Unlikely to Shift RBI Rate Outlook India's retail inflation has exceeded the Reserve Bank of India's (RBI) medium term target for the second consecutive month, reaching 4.
45% in July. The consumer price index, driven by higher food prices, is unlikely to prompt an immediate interest rate hike from the RBI.
The July print was nearly in line with a Reuters poll that estimated inflation at 4. 5%.