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RBI’s decision to cut down repo rate is positive for Indian economy: Jaitley

New Delhi, Jan. 15 (ANI): Finance Minister Arun Jaitley on Thursday hailed the Reserve Bank of India’s decision to cut down repo rate by 25 basis points, saying it is a positive move for the Indian economy and will certainly help in reviving the investment cycle. “It is positive for the Indian economy and it will certainly help in reviving the investment cycle that the government seeks to restore,” Jaitley said. Minister of State for Finance Jayant Sinha on his part said that the quarter-point rate cut would mark an ‘inflection point’ after a period of high interest rates.

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