New Delhi, Feb. 22 -- Reserve Bank of India (RBI) Monetary Policy Committee member Dr. Nagesh Kumar was keen on opting for a 50 basis point rate cut given the economic slowdown, but ultimately voted for a 25 bps cut due to global uncertainties, revealed the MPC meeting minutes released on Friday.

Kumar, along with RBI Governor Sanjay Malhotra and three other members, had opted for a 25 basis points repo rate cut during the MPC meeting in February, bringing the short-term lending rates down to 6.25 per cent.

The RBI MPC at its meeting held from February 5 to 7 went ahead with a rate cut after nearly five years.

In his RBI MPC statement, Kumar, an external member of the committee, said the 'seriousness' of economic growth slowdown and th...