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Nomura's India Economist Aurodeep Nandi maintains a firm medium-term outlook for India, anticipating a stronger rupee, steady growth, and potential monetary easing. Forecasts suggest the rupee could reach 86.5 per dollar by late 2026, with GDP growth projected at 7.6% for the July-September quarter. While the Reserve Bank of India faces a difficult decision, Nomura expects about 50 basis points of rate cuts, though the timing remains uncertain.