Economics
India Rate Hikes Inevitable as Inflation Surges, Nomura Says
- Economist sees supply disruptions exerting price pressures
- Pandemic-related curbs seen hurting pace of economic growth
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The Reserve Bank of India will likely start raising borrowing costs from April as fresh curbs to tackle a resurgent Covid-19 outbreak could disrupt supply chains and drive consumer prices higher, according to Nomura Holdings Inc.