Indian shares fell more than 1 percent on Monday and were headed for their third straight session of losses on renewed worries about the impact of Britain's June 23 referendum on whether to leave the European Union and about upcoming central bank meetings.

 

 

India's annual consumer price inflation edged up for the second straight month to 5.76 percent in May, driven by higher prices of food and fuel products, government data showed on Monday.

 

Economists surveyed by Reuters had forecast retail inflation to inch up to 5.52 percent in May. This compares with an upwardly revised 5.47 percent in April.

 

Food inflation picked up to 7.55 percent in May from an upwardly revised 6.40 percent in the previous month.

 

Asian markets slumped after a survey on Friday put the 'Leave' campaign 10 points ahead, although two polls on Saturday showed voters were still closely divided, underlining the contradictory polling less than two weeks before the referendum.

 

Meetings of the U.S. Federal Reserve, Bank of England, Swiss National Bank and the Bank of Japan are also awaited this week. All are likely to keep monetary policy steady.

 

At home, investors were also spooked after data released late on Friday showed India's industrial output unexpectedly fell in April, the first contraction in three months.