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.
