Nomura Says RBI’s Latest Rate Cut Diluted Its Old Policy Framework
Nomura said the Reserve Bank of India’s surprise 25-basis-point repo rate cut to 6.25 percent marks a meaningful shift in the central bank’s policy stance and weakens the contours of its earlier framework. The brokerage argued that the move, announced on Tuesday, suggests the RBI is prioritising growth support more clearly than before, even as inflation remains a key constraint.
