Markets pricing 125 bps RBI hikes, but Nomura says bets are too aggressive; sees just 50 bps

Indian markets may be pricing in a much more aggressive Reserve Bank of India tightening cycle than warranted by the economy, according to Nomura, which expects just 50 basis points of rate hikes by December against nearly 125 basis points currently priced in over the next year.Nomura expects the R…