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.

Timeline
Monday, 28 September
- Markets pricing an excessive 125bps rate hike over the next one year: Nomura
Nomura says markets are pricing an excessive 125 bps of rate hikes over the next year
Sunday, 27 September
Saturday, 26 September
- ETMarkets Smart Talk | Rate-cut cycle over, RBI may be at cusp of rate hikes; yields could inch higher: Puneet Pal
Puneet Pal expects the rate-cut cycle to end, with policy rates rising 50-75 basis points by FY27
Friday, 25 September
- Nomura’s Subbaraman sees higher interest rates as the new normal, expects 2 more RBI hikes this year
Nomura’s Robert Subbaraman expects RBI rate hikes in October and December

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