Mumbai, June 22 -- Discussions around a possible interest rate hike by the Reserve Bank of India (RBI) are unwarranted at this stage as policymakers continue to grapple with elevated uncertainty surrounding inflation, monsoon progress and global economic conditions, according to a report by the State Bank of India (SBI).

The report analysed the minutes of the RBI's Monetary Policy Committee (MPC) meeting held during June 3-5, 2026, and found that concerns around uncertainty and caution dominated the deliberations of policymakers.

Using Natural Language Processing (NLP) to examine sentence-level references in the statements of MPC members, SBI said the June 2026 policy minutes reflected the highest degree of uncertainty and cautiousness ...