New Delhi, Sept. 22 -- The Reserve Bank of India may consider raising interest rates later this year as higher US bond yields threaten to make Indian assets less attractive to global investors and rising food prices add to inflation pressures, Deloitte Chief Economist Rumki Majumdar said.

Majumdar said the RBI faces a difficult policy choice as strong domestic credit growth argues against a rate hike, while higher yields in the US and rising inflation could force it to act to support capital flows and keep price pressures under control.

"The question is when. May not be in October. It might be, if not in October, but maybe later in the year in December," Majumdar said, adding that the RBI would "contemplate" a rate hike to ensure inflat...