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RBI policy minutes: Governor backed neutral stance to 'cut, pause or hike rates'; Five of six MPC members supported 'front-loaded' easing
RBI's Monetary Policy Committee, led by Governor Sanjay Malhotra, reduced the repo rate by 50 bps for the second consecutive time, shifting to a neutral stance to boost growth amid global volatility. While most members favored the cut to signal policy certainty and support consumption and investment, one member advocated for a more cautious approach due to prevailing uncertainties.
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