India's retail inflation based on the Consumer Price Index rose marginally to 4.8% in August from 4.5% in July, remaining within the RBI's tolerance band of 2-6%.
Wholesale inflation climbed to 9.9% in August driven by increases in the fuel and power group alongside manufactured products.
Escalating West Asian conflicts pushed international crude oil benchmarks past $100 per barrel, prompting economists to advocate for policy rate hikes.