Inflation nears RBI’s 6 per cent upper tolerance limit; economists see upside risks, rate hike possibility

RSS excerpt

India's retail inflation rose to 5.54 per cent in September from 4.83 per cent in August, moving closer to the Reserve Bank of India's (RBI) upper inflation tolerance limit of 6 per cent, as food inflation surged to 7.74 per cent, prompting economists to warn of further price pressures and the…