Nomura expects RBI to cut rates by 100 bps this cycle

Nomura forecasts the RBI will cut rates by 100 bps from December 2024. This surpasses the anticipated 50 bps cut. They've reduced India's FY'25 GDP growth forecast to 6 percent. This is lower than the consensus estimate of 6.9 percent and RBI's 7.2 percent projection. Nomura cites slowing growth and easing inflation. The RBI has held rates steady at 6.