‘RBI growth estimate too optimistic, will pivot to rate cuts in October’

Posted on   12:38 pm

Japanese brokerage Nomura on Friday said Reserve Bank’s 6.5 per cent real GDP growth estimate for FY24 is “too optimistic”, and the central bank will pivot to rate cuts from October. The brokerage said it agrees with the Reserve Bank’s projections on price rise, and said that the worst of headline inflation is behind us.