The RBI is expected to cut the repo rate by 100 basis points --from 6% to 5%--by the end of 2025, according to a Nomura report. In its 'Asia H2 Outlook' report, the global brokerage noted an underperformance of both the GDP growth (at 6.2% compared to the RBI's projection of 6.5%) and inflation (3.3% compared to the RBI's target of 4%).