Annual inflation seen at 12.63 pct on Aug 9

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Mumbai, August 20: : India's annual inflation rate is forecast to have risen to 12.63 percent on Aug. 9, which would be the highest since annual numbers in the current series began in April 1995, a Reuters poll of 10 analysts showed on Wednesday.

The wholesale price index rose 12.44 percent in the 12 months to Aug. 2.

The data is due around 6:00 p.m. (1230 GMT) on Thursday.

At a policy review in late July, the central bank raised its target for inflation at the end of the fiscal year in March 2009 to 7 percent from 5.5 percent.

The inflation rate has not been below 7.7 percent so far in 2008/09, and has been in double digits since the first week of June.

The central bank raised its key lending rate by 50 basis points to 9 percent and also increased banks' reserve requirements at the July review.