# RBI MPC Minutes Show Two Opposed Rate Shift

> RBI MPC minutes reveal two members opposed shift from neutral to calibrated tightening in October meeting.
- Title: RBI MPC Minutes Show Two Opposed Rate Shift · mint | Shortify
- Summary: RBI MPC minutes reveal two members opposed shift from neutral to calibrated tightening in October meeting. RBI raised repo rate by 25 bps to 5.50% as two MPC…
- Keywords: rbi, repo rate, monetary policy committee, calibrated tightening, neutral stance, inflation, october meeting, rbi governor, news, india, MPC, Minutes
- Source: mint — https://livemint.com/economy/rbi-mpc-minutes-reveal-two-members-opposed-the-shift-from-neutral-stance-to-calibrated-tightening-in-octobers-meeting-11792587955238.html
- Author: Eshita Gain
- Published: 2026-10-21T14:36:26+00:00
- Read time: 1 min
- Topics: rbi, repo rate, monetary policy committee, calibrated tightening, neutral stance, inflation, october meeting, rbi governor, news, india
## October Meeting Rate Hike
RBI raised repo rate by 25 basis points to 5.50% in October meeting.
## MPC Stance Shift
All six MPC members supported rate hike but two opposed shift to calibrated tightening.
## Opposed Members
Dr. Nagesh Kumar and Prof. Ram Singh preferred neutral stance over tightening.
## RBI Governor's View
RBI Governor Sanjay Malhotra supported shift to calibrated tightening due to inflation pressures.
## Opposition Reasons
Kumar cited geopolitical uncertainties; Singh warned of rate hike cycle impact on demand.
## Inflation Projections
CPI inflation projected to reach 6% in Q3 before easing to 5.7% in Q4.
## Next Meeting
Next MPC meeting scheduled for December 2-4, 2026.
## Key takeaway

RBI raised repo rate by 25 bps to 5.50% as two MPC members preferred neutral stance over tightening.