Nomura’s Subbaraman sees higher interest rates as the new normal, expects 2 more RBI hikes this year
CNBC-TV18 1 hr ago·25 Sept 2026, 9:36 am
Nomura economist Robert Subbaraman says the Reserve Bank of India is likely to raise its policy rate again in October and again in December, signalling that higher rates could become the new normal as inflation pressures persist.
For investors, extra rate hikes raise borrowing costs for companies and consumers, potentially squeezing profit margins and weighing on sectors that rely heavily on cheap credit. At the same time, tighter policy may strengthen the rupee and attract foreign capital, which can influence overall market sentiment.
The next steps to watch are the RBI’s upcoming policy meetings, forthcoming inflation data, and global monetary cues such as US Federal Reserve actions, all of which will shape whether the expected hikes materialise and how markets react.
Key takeaways
- Category: Economy.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
This is a high-impact development and could move the stock. The tone is negative — watch for downside reaction. Use the price and stock snapshot to gauge how the market is responding.
