India’s retail inflation rose to a 20-month high of 4.82% in August, driven by higher food and fuel prices, moving above RBI’s 4% target midpoint for the third consecutive month. Core inflation came in at 4.2%, as against 3.9% in July. India, however, recorded robust real gross domestic product (GDP) growth of 7.8% in the June quarter, up from 6.9% a year ago.
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