1027 GMT - The Reserve Bank of India is in a macro sweet spot, according to Nomura research analysts. Strong growth and low inflation suggest there is no urgency to cut rates, though the implications of the new CPI and GDP series remain to be seen, they say in a note. The RBI's stance on liquidity has shifted subtly, with a focus on keeping a greater liquidity surplus to enable transmission of monetary policy, they add. For now, the RBI expects consumption to remain strong, and the recently announced trade deals with the EU and the U.S. to be positive for exports and support GDP growth, they add. Nomura expects a final 25bp rate cut in April. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

February 09, 2026 05:27 ET (10:27 GMT)

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