Retail Inflation rises to 4-month high of 4.87% in May
India's retail inflation accelerated to a four-month high of 4.87% in May driven by higher fuel prices, government data showed on Tuesday. May was the seventh straight month in which inflation was higher than RBI's medium-term target of 4%. The RBI last week raised repo rate for the first time since 2014, by 25 bps to 6.25%, citing inflation concerns.