2 external MPC members argued for a 0.25% rate cut due to slowing inflation and potential growth impact.

Ashima Goyal and Jayanth R. Varma, external members of India's MPC, argued for a 0.25% rate cut due to rising risks of 'status quosim' and 'growth sacrifice'. They pointed out that slowing inflation has resulted in a real repo rate of 2%, above neutral, potentially hurting growth. Despite inflation concerns, internal MPC members maintained the status quo.