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Feb 07, 2019
4:38PM

FM Piyush Goyal says, rate cut by RBI will give boost to economy

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Finance Minister Piyush Goyal has said that the rate cut by the RBI will give a boost to the economy by providing affordable credit to small businesses and home buyers.

The Reserve Bank of India has reduced the repo rate by 25 basis point from 6.5 per cent to 6.25 per cent. In a tweet, Mr Goyal said, this will further boost employment opportunities.

Welcoming the RBI's decision, Economic Affairs Secretary Subhash Chandra Garg said, it is a very balanced and pragmatic policy statement.

In a tweet, Mr Garg said, assessment of growth and inflation is quite realistic and underlines low inflation and high growth path for India for 2019-20. 

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