Rate cut would help in reviving economic growth without worsening the inflationary situation: MPC's Nagesh Kumar

RBI MPC member Dr. Nagesh Kumar advocated for a 25-basis point repo rate cut and a 50-basis point CRR reduction to stimulate economic growth without exacerbating inflation. He and Prof. Ram Singh dissented from the majority decision to hold the repo rate at 6.5% for the eleventh consecutive time due to inflation concerns.