Research analysts at Nomura stated that the Reserve Bank of India is expected to keep interest rates unchanged at least until the end of 2027. In a report, the analysts noted that stronger inflation under the new CPI series and a more optimistic growth outlook suggest the central bank is unlikely to ease monetary policy in the near term.

The analysts further indicated that the inflation trajectory remains largely unchanged, and the new CPI series is not expected to alter the RBI's view that underlying inflation remains moderate and firmly anchored around its 4% medium-term target. They also pointed out that trade agreements with the United States and the European Union, India's "expansionary" budget, and the lagged effects of previous rate cuts are expected to support stronger GDP growth in the 2027 fiscal year.