Mumbai, June 7 -- The Reserve Bank of India (RBI) is unlikely to raise interest rates in its August monetary policy review and may keep them on pause until October, despite rising inflation risks, according to a monetary policy review report by Centrum Institutional Research.

The brokerage said it does not expect the central bank to tighten monetary policy immediately, even after the RBI raised its inflation projections and lowered growth estimates for FY27 in the June 5 policy review.

"Following... RBI MPC meeting, we do not expect a rate hike in August," Centrum said in its report.

The report further added that "the MPC is likely to remain on hold as inflation stays within target and growth concerns persist."

According to Centrum, t...