The retail inflation in January accelerated to 7.59 per cent due to higher prices of food items, government data showed on Wednesday. In December, the consumer price index (CPI) stood at 7.

India's January inflation rises to 7.59 per cent

Earlier this year the government said banks' bad loans were worth more than $120 billion.

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Heavy rainfalls, damage of perishable fruits and vegetables, rising crude oil prices, higher raw material cost, and risen wholesale prices - the inflation rate in India is likely to pass 4 per cent marked target of RBI for the month of November.

India's November inflation likely to exceed RBI's 4 per cent target

The central bank said there would be an acceleration in growth in the second half to 7.1% in the third quarter and to 7.7% in the fourth quarter

RBI says India will grow at 6.7% in 2017-18

Doubts about the RBI's policy path reflect its longstanding caution on inflation

RBI may cut interest rates today

But emerging price pressures mean India's central bank will probably keep interest rates on hold

India's retail inflation lowest in about five years

Retail inflation likely eased to 3.57 per cent from a year earlier, from 3.63 per cent in November, the poll of over 30 economists showed

India: Inflation seen cooling to two-year low in December as cash crunch hit demand

Most experts, economists and bankers had predicted the repo rate would be cut by 25 to 50 basis points

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