India retail inflation reaches 3.48% in April as costs rise
India retail inflation rose to 3.48% in April as food and energy costs climbed. Rising oil prices and a weak rupee now cloud the national policy outlook.
Xurve View
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Xurve View
India's retail inflation rose to 3.48% in April as food costs climbed and energy risks intensified. The reading came in below a Reuters projection of 3.8% but remains near the 4% central bank target. Rising energy costs and a record-low rupee may force the central bank toward rate hikes later this year.
