Nomura predicts a 100bps RBI interest rate cut through mid-2025 due to decreasing inflation and slowing growth.

Nomura forecasts that the Reserve Bank of India (RBI) will cut interest rates by 100 basis points from October through mid-2025 due to decreasing inflation and slowing economic growth. This is an increase from their earlier prediction of a 75 basis point cut. India's GDP growth forecast has been revised down to 6.7% for the current fiscal year. The impending rate cuts are expected to be driven more by weaker growth rather than lower inflation.