Nomura Says RBI’s Latest Move Diluted Its Old Policy Framework After Surprise Rate Cut
Nomura said the Reserve Bank of India’s latest policy meeting marked a dilution of its earlier framework after the central bank unexpectedly cut the repo rate by 25 basis points to 6.25 percent. The brokerage said the move signals a more growth-supportive stance, but also raises questions about the durability of the RBI’s prior emphasis on policy continuity and inflation vigilance.
