India's July retail inflation likely rose to 4.50%, above RBI target

India's retail inflation is expected to have risen to 4.50% in July, up from 4.38% in June, according to a Reuters poll of 40 economists. The anticipated rise would mark the second consecutive month that inflation has exceeded the Reserve Bank of India's medium-term target of 4%.

Food prices are cited as a key driver behind the expected increase in consumer inflation during the month.