New Delhi, Sept. 17 -- The US Federal Reserve's latest interest rate hike has intensified the debate over whether the Reserve Bank of India could also shift towards monetary tightening in the coming months.

While the Fed raised rates by 25 basis points as widely expected, its latest projections indicated that policymakers still see the possibility of another hike this year.

For India, the development comes at a time when the rupee remains under pressure, crude oil prices are elevated and domestic inflation is moving higher. Against this backdrop, some analysts have started factoring in RBI rate hikes in October and December, although others expect the central bank to remain on hold in the near term.

According to the latest assessment, ...