August inflation dims hopes of RBI rate cut in October: SBI Report
India's retail inflation rose to 2.07% in August from 1.55% in July, driven by higher food and beverage prices. SBI Research says this dims prospects for an RBI rate cut in October and makes December uncertain. GST rate cuts may ease non-food inflation slightly, while Kerala reports the highest inflation at 9.04% due to coconut oil price surge.