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Finance Minister Government Welcomes the Reserve Bank of India s Decision to Reduce the Repo Rate to 6.75 Percent from 7.25 Percent; Rate Cut Combined with Actions Taken and Planned by the Government will Help Boost Confidence and Investment and Help Realize the Economy s Medium-Term Potential Growth Rate

Dated:- 29-9-2015 - The Union Finance Minister Shri Arun Jaitley said that the Government welcomes the Reserve Bank of India (RBI) s decision to reduce the repo rate to 6.75 percent from 7.25 percent. The Finance Minister was responding to the Monetary Policy announcement made by the Reserve Bank of India today. The Finance Minister said that constant vigilance is warranted on the inflation front, this action signals that inflationary pressures have moderated significantly and are within the RBI .....

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mework of small savings. Shri Jaitley said that the rate cut, combined with actions taken and planned by the Government, will help boost confidence and investment, and help realize the economy s medium-term potential growth rate. The Finance Minister Shri Jaitley further said that Indian corporates would now be able to raise External Commercial Borrowings (ECB) through rupee denominated offshore bonds with no end use restrictions. He concluded that this would provide additional source of raising .....

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