New Delhi, June 20 -- Most members of the Reserve Bank of India's Monetary Policy Committee (MPC) saw little justification for a pre-emptive change in interest rates at the June policy review, arguing that heightened uncertainty around the West Asia conflict, supply chain disruptions and monsoon risks warranted a cautious "wait-and-watch" approach, according to the minutes of the MPC meeting released on Friday.

The six-member committee unanimously voted to keep the repo rate unchanged at 5.25 per cent and retain the neutral policy stance, with several members stressing that the inflation shock remains largely supply-driven and its persistence is still uncertain.

In the minutes, external member Dr Nagesh Kumar said that "prudence require...