UPDATE 1-India May inflation hits seven-month high; still room for rate cut <!-- no image --> <div>* Core inflation 4.1-4.2% y/y vs April's 4.53-4.57% -analysts<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=D_K10O9K_C0:_2Scdi-_xGc:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=D_K10O9K_C0:_2Scdi-_xGc:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=D_K10O9K_C0:_2Scdi-_xGc:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=D_K10O9K_C0:_2Scdi-_xGc:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=D_K10O9K_C0:_2Scdi-_xGc:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/D_K10O9K_C0" height="1" width="1" alt=""></div> Posted by Reuters