RBI estimate too optimistic, will pivot to rate cuts in October: Nomura ...Middle East

Business Standard - Economy
RBI estimate too optimistic, will pivot to rate cuts in October: Nomura
source : Business Standard ( Middle East ) () 51
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. "However, the revised GDP growth forecast of 6.5 per cent in FY24 appears too optimistic, the brokerage said, adding that it estimates growth to slow down to 5.3 per cent. A slew of agencies and analysts has cut the FY24 growth forecasts in the recent past, with many of them pegging it under 6 per cent as well. Nomura said it expects a downside of over 1 percentage point to th

Hence then, the article about rbi estimate too optimistic will pivot to rate cuts in october nomura was published today ( ) and is available on Business Standard ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( RBI estimate too optimistic, will pivot to rate cuts in October: Nomura )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy
Americans spending more because they are ‘optimistic’? Economists challenge Trump adviser’s claim
Russia Today - before 10 hours & 39 minute
WiMi Proposes a New High-Performance Fault-Tolerant Quantum Computing Technology Based on Multi-Hypercube Codes
PR Newswire - before 10 hours & 35 minute
Commodity Markets Are Living on Borrowed Time
OILPRICE - before 7 hours & 14 minute
Why India’s LNG Buying Surges Despite Costly Gas
OILPRICE - before 5 hours & 9 minute
White House correspondents’ dinner gets a second act after shooting
Washington Post - before 8 hours & 22 minute
Ceasefire Uncertainty Remains the Biggest Driver for Oil Markets
OILPRICE - before 9 hours & 45 minute
Russia Weighs $50 Million Plan to Influence Armenia’s Election
OILPRICE - before 9 hours & 21 minute
Gold Seesaws on Ceasefire Headlines as NFP, Rate Hike Fears Loom
OILPRICE - before 8 hours & 16 minute
OMNI Acquires Nara Logics to Provide Trusted AI Mission Platform
PR Newswire - before 10 hours & 48 minute
Bitmine Immersion Technologies (BMNR) anuncia que sus tenencias de ETH alcanzan los 5,42 millones de tokens
PR Newswire - before 8 hours & 6 minute
China Eases Order for Teapot Refiners to Keep Fuel Output High
OILPRICE - before 8 hours & 40 minute
/C O R R E C T I O N -- PowerPay/
PR Newswire - before 3 hours & 20 minute


Latest News

How Long Can Demand Destruction Keep a Lid on Oil Prices?

before hour & 21 minute

Bitmine Immersion Technologies (BMNR) annonce que ses avoirs en ETH atteignent 5,42 millions de tokens et que ses avoirs en cryptomonnaies et en liquidités atteignent 11,6 milliards de dollars

before 2 hours & 3 minute

Palantir Contracts Have Become ‘An Unacceptable Point of Weakness,’ UK Politicians Warn

before 2 hours & 4 minute

Pensions experts reveal how much money you need to live comfortably in retirement

before 2 hours & 10 minute

NAVC Named to Inc.'s 2026 Best Workplaces List

before 2 hours & 31 minute

DriveNets obtient 410 millions de dollars dans le cadre d'une série D pour répondre à la demande croissante pour des structures Ethernet dans les déploiements d'IA à grande échelle

before 2 hours & 57 minute

China Draws Down Billion-Barrel Stockpile as Iran War Cuts Imports in Half

before 3 hours & 19 minute

/C O R R E C T I O N -- PowerPay/

before 3 hours & 20 minute

Russia’s China Energy Lifeline Is Becoming a Noose

before 4 hours & 9 minute

Entergy to host its 2026 Investor Day on June 9

before 4 hours & 12 minute

Why India’s LNG Buying Surges Despite Costly Gas

before 5 hours & 9 minute

What Hormuz Is Teaching Traders About Utilities

before 6 hours & 14 minute

Commodity Markets Are Living on Borrowed Time

before 7 hours & 14 minute

Recorded Future Announces Strategic Partnership with Wipro to Deliver AI-Powered Threat Intelligence at Global Enterprise Scale

before 7 hours & 27 minute

New Shareholder Elliott Pushes for Sale of Australia’s Top Gold Miner

before 7 hours & 49 minute