India's August retail inflation remained below the central bank's target of 4% for the second consecutive month, but vegetable prices continued to soar, dampening hopes of a dovish stance in the next monetary policy meeting.

Inflation in India ticked up a little in August, likely keeping policymakers at the country’s central bank on their toes as they plot whether to cut interest rates in the coming months.

India's retail inflation marginally rose to 3.65 per cent in August, the second-lowest in the last five years, data released on Thursday showed.

Indian consumer inflation probably held below the Reserve Bank of India's 4.0% medium-term target for a second month in August thanks to a moderation in food price rises due to last year's high base,

Corresponding inflation rates for rural and urban areas were 4.16 per cent and 3.14 per cent in August, respectively.

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India's August retail inflation was slightly higher than economists' expectations on the back of a sharp rise in vegetable prices, according to government data released on Thursday. Annual retail inflation was 3.

Retail inflation in August inched up to 3.65 per cent, though vegetables and pulses witnessed price rise in double digits, according to official data released on Thursday. The retail inflation based on the Consumer Price Index (CPI),