Retail inflation could hit 7-month high in May, but below RBI target:Poll

India's retail inflation likely accelerated to a seven-month high in May on rising food prices, but it is expected to remain well below the Reserve Bank of India's target, giving it room to ease policy further, a Reuters poll found.The RBI changed its stance to "accommodative" from "neutral" last week and cut interest rates for the third time in a row, bringing the borrowing rate to a nine-year low of 5.75%.According to a June 4-7 Reuters poll of over 40 economists, the retail inflation rate rose to 3.01 per cent in May from a year earlier, up from ...

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