India inflation rate likely rise to 6.9% in August 

Deutsche Bank estimates that India's consumer price index (CPI) firmed to 6.9per cent year-on-year in August, while core inflation likely stood at 6per cent.

The Asian nation will report the data next Monday.

While Brent crude oil prices have recorded a steep decline in recent weeks, the favourable impact will be less reflected in the CPI as fuel items account for a very small weight, Deutsche Bank said.

Meanwhile, the risks to food inflation persist with negative seasonality kicking in for the September-November period, the bank said

"Key vegetables tend to shoot up during this period," said Kaushik Das, chief economist for India and South Asia at Deutsche Bank.

Besides seasonality, Das highlighted that sowing of pulses has also fallen by 5per cent year-on-year.

"These could be potential risk factors, which could keep food inflation momentum high, consequently resulting in an elevated CPI closer to the 7per cent mark," he said.