Retail inflation surges to a 15-month high of 7.44% in July as vegetable prices soar

Retail inflation spiked to a 15-month high of 7.44 per cent in July as tomatoes, vegetables and other food items turned costlier, overshooting Reserve Bank's comfort level for the first time in the current fiscal. The Reserve Bank of India (RBI) has the mandate to keep retail inflation in the range of 2 to 6 per cent and after...