June 25, 2017, 2:43 am

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A day after RBI cut the repo rate, the government said banks will "slowly" but surely will reduce lending rates for borrowers.

Published in National

New Delhi: Welcoming RBI's decision to cut policy rate by 0.25 per cent, the Finance Ministry's top functionaries on Wednesday said it will bring down EMIs, increase demand and boost economic growth. "What is going to happen to rate cycle moving forward is going to be driven by data and RBI has signalled this clearly," Minister of State for Finance Jayant Sinha said soon after the rate cut action by RBI.

Published in National
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