New Delhi, June 20 -- Members of the Reserve Bank of India's Monetary Policy Committee voted 5-1 in favour of an unexpected 50-basis point (bps) rate cut at their meeting earlier in June to prop up economic growth, especially as inflation appeared to be under control, the minutes of the discussions released by the central bank showed on Friday.

Five of the six-member rate-setting committee - external members Nagesh Kumar, Ram Singh, executive director Rajiv Ranjan, deputy governor Poonam Gupta and Governor Sanjay Malhotra - voted in favour of the 50-bps cut. External member Saugata Bhattacharya voted for a 25-bps cut.

The economy expanded 6.5% in FY25, the slowest pace in four years, data released at the end of May showed. While announc...