The repo rate cut by the RBI will help boost India's economy by making loans affordable to MSMEs, exporters and home buyers, Commerce and Industry Minister Piyush Goyal said on Thursday. 

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.