RBI rate hikes: Nomura predicts only 50 bps against market’s 125 bps bet, anticipating moderation in inflation pressures
Nomura predicts the Reserve Bank of India will raise rates by only 50 basis points in October and December, contrary to the market's expectation of 125 basis points, citing contained inflation pressures. The RBI's next decision is scheduled for October 7, with Nomura warning of a slightly bearish growth outlook due to various economic factors.