Three out of six members on RBI's monetary policy committee acknowledged space for August rate cut: MPC Minutes



The MPC minutes reflect a cautious tone, with some members indicating scope for a potential rate cut in August, while Governor Malhotra emphasized risks from global growth headwinds. Concerns over trade policy uncertainties and the lingering effects of earlier easing shaped the decision to hold rates steady. The committee preferred to wait and gauge the full transmission of past policy measures before pursuing additional cuts.