Nomura projects terminal repo rate of 5.75% following Oct, Dec hikes
The Reserve Bank of India (RBI) is likely to raise rates by 25 basis points in both October and December policy review meetings, reaching a terminal rate of 5.75 per cent, according to Japanese brokerage Nomura. The terminal rate represents the maximum or minimum target rate expected within a tightening or easing cycle, respectively. The likelihood of interest rate hikes is expected to decline starting in February 2027, driven by anticipated weaker consumer spending and a softer inflation outlo…


