April was the sixth straight month in which retail inflation was higher than the RBI’s medium-term target of 4%. Photo: MintMumbai: India’s retail inflation accelerated more than estimated, giving ammunition to hawks in the Reserve Bank of India’s monetary policy committee for tightening policy and potentially adding to the woes of bond investors. Retail inflation rose 4.6% in April from a year earlier, the statistics ministry said in a statement in New Delhi on Monday. The central bank expects oil prices averaging around $78 a barrel to stoke inflation by 30 basis points. HSBC Holdings Plc said in a note on Monday that rising oil prices would fan inflationary pressures in India.

Source: Mint May 14, 2018 12:27 UTC