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Nomura’s Subbaraman sees higher interest rates as the new normal, expects 2 more RBI hikes this year

1 source · first seen 15:06 25 Sept · updated 15:06 25 Sept

The brief

Written from 1 report · check the source before you trade
  • Nomura’s Robert Subbaraman expects RBI rate hikes in October and December
  • Subbaraman says inflation pressures are building and higher interest rates may be the new normal
  • Further RBI hikes would pressure rate-sensitive sectors, banks and housing finance companies

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RBI18 todayRepo rate11 todayInflation23 todayCPI inflation2 todayGlobal markets71 todayRobert Subbaraman0 today
Part of a developing story7 updates over 4 days

RBI rate-hike expectations

Analysts expect the RBI’s rate-cut cycle to end, with forecasts including hikes in October and December and cumulative increases of 50–75 basis points by FY27. Nomura says markets are pricing 125 basis points of hikes over the next year.

Monday, 28 September

  1. 3 sources
    Nomura expects RBI to raise rates by up to 50 bps by December
  2. Markets pricing an excessive 125bps rate hike over the next one year: Nomura

Sunday, 27 September

  1. Daily Voice: RBI stance shift likely in October, rate hike in December, says Valtrust's Rahul Bhutoria

Saturday, 26 September

  1. ETMarkets Smart Talk | Rate-cut cycle over, RBI may be at cusp of rate hikes; yields could inch higher: Puneet Pal

Friday, 25 September

  1. MPC Poll | RBI seen raising rates by 25 bps, tracking Fed move
  2. You are here
    Nomura’s Subbaraman sees higher interest rates as the new normal, expects 2 more RBI hikes this year
  3. Reserve Bank likely to start a shallow rate hike cycle

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Read the reports

1 report · earliest 15:06
CNBC-TV18Nomura’s Subbaraman sees higher interest rates as the new normal, expects 2 more RBI hikes this year15:06