Nomura Securities: An interest rate hike by the Reserve Bank of India is not yet on the agenda

```htmlGolden Ten Data reported on June 15 that economists from Nomura Securities pointed out in a research report that despite the rise in inflation in May, an interest rate hike by the Reserve Bank of India is still not on the agenda. Given that the Strait of Hormuz has been blocked for three months and the government has allowed gasoline and diesel prices to rise since mid-May, the latest CPI data serves as a litmus test for the degree of inflationary pressure. Although some price pressures are visible in the core inflation basket, most sub-items have not yet rebounded. Economists stated that this indicates weak consumer demand. Nomura expects the Reserve Bank of India to keep interest rates unchanged for the remainder of the year.```