Finance Ministry Welcomes RBI's Move to Cut Repo Rate by 25 Basis Point; States this will Help in Providing A Fillip to the Economy Directly by Increasing the Private Sector's Ability and Willingness to Spend as well as Indirectly by Improving the Balance Sheet of the Corporate Sector and Banks, Facilitating an Increase in Demand for and Supply of Credit

The Ministry of Finance says that the 25 basis point Report Rate cut announced by the Reserve Bank of India (RBI) is a welcome move and consistent with strong and ongoing disinflationary trends identified in the Ministry's Mid Year Economy Analysis presented to the Parliament last month.