RBI unlikely to cut rates in 2021: Here’s why

Retail inflation has peaked in the country but is unlikely to come down enough for the Reserve Bank to make rate cuts in the whole of 2021, Japanese brokerage Nomura said on Friday. Over the medium term, there are chances of inflation heating up again and the RBI may have to switch to hiking rates as well in 2022, Nomura said.Retail inflation has peaked in the country but is unlikely to come down enough for the Reserve Bank to make rate cuts in the whole of 2021, Japanese brokerage Nomura said on Friday. Over the medium term, there are chances of inflation heating up again and the RBI may have to switch to hiking rates as well in 2022, Nomura said.