RBI repo rate cut to make loans affordable to MSMEs, exporters: Commerce and Industry Minister Piyush Goyal
By FirstPost 07-Jun-2019
He said that the removal of charges on NEFT and RTGS transactions will bring great relief to the people and will help in promoting the Digital India initiative.
"Repo rate cut by @RBI will boost India's economy by making loans affordable to MSMEs, exporters & home buyers," he said in a tweet.
The Reserve Bank of India cut the repo -- short term lending rate at which it gives loan to banks -- the third time in a row to 5.75 percent in its second bi-monthly policy decision, adopting an accommodative stance.
क्या कांग्रेस का महागठबंधन से अलग रह के चुनाव लड़ने की वजह से बीजेपी को पूर्ण बहुमत मिला है?
Suffering From Problem In Your Area ? Now Its Time To Raise Your Voice And Make Everyone Know