Cooling food price rises likely reduced India retail inflation to an eight-year low of 1.76% in July, below the low end of the Reserve Bank of India's 2% to 6% tolerance band for the first time in over six years, a Reuters poll of economists showed. Despite uneven monsoons, a strong spring harvest has helped India keep a lid on food prices, extending the country's longest disinflationary streak in more than a decade. The RBI left rates unchanged at 5.50%, as expected, on Wednesday and said the inflation outlook was "more benign".