Nomura Abandons April Rate‑Cut Forecast as Inflation Outlook Firms and 'Stealth' Easing Takes Hold
Nomura now sees no April cut by the Reserve Bank of India, citing firmer inflation under a revised consumer price index series and what it calls 'stealth easing' that has already pushed money-market rates toward the repo rate floor. The brokerage raised its inflation projection for the fiscal year starting April and expects modest upward revisions …