The Reserve Bank of India (RBI) is unlikely to immediately raise interest rates despite inflationary pressures from rising crude oil prices, as the current situation reflects a supply-side shock rather than demand-driven inflation, according to Trinh Nguyen, Senior economist, Emerging Asia at Natixis. In an exclusive conversation with while discussing the ongoing energy crisis triggered by the conflict in West Asia, Nguyen said central banks are unlikely to react with immediate rate hikes as the situation is still evolving.