RBI Minutes: Chief Malhotra said that given the present state of the economy and its outlook, the current policy rate is appropriate

Chief Malhotra:

• Domestic drivers of growth continue to be robust.

Member Bhattacharyya:

• Inflation, excluding precious metals, is expected to remain benign for the foreseeable future.

Member Gupta:

• Another rate cut doesn't seem warranted at this point.
• Inflation seen benign for the next 2 quarters.