Nomura drops call for April India rate cut on firmer inflation data
Nomura has scrapped its April rate cut forecast for India following new inflation data. The brokerage cited rising price pressures and existing stealth easing.
Insights:
Nomura Holdings, Inc. announced on February 13, 2026, that it no longer expects the Reserve Bank of India to cut policy rates in April, citing firmer inflation projections and current market conditions. This shift follows the immediate release of the India 
IN consumer price inflation (new series), which has led to a reassessment of the price outlook for the upcoming fiscal year. The decision marks a significant change in near-term expectations for central bank policy.
IN consumer price inflation (new series), which has led to a reassessment of the price outlook for the upcoming fiscal year. The decision marks a significant change in near-term expectations for central bank policy.
