India June Inflation Likely to be Close to 5%, Central Bank Governor Says

INDIA - MUMBAI. India's retail inflation is expected to be close to 5% in June, in line with the Reserve Bank of India's expectations but still too far from its 4% target to start talking about lowering interest rates, the central bank chief said on Thursday.

The country's inflation picked up slightly to 4.8% last month from 4.75% in May, according to a Reuters poll of economists. The data is scheduled for release on Friday.