New Delhi, Jan 15 (ANI): The finance ministry welcomed an inter-meeting rate cut by the RBI on Thursday, and termed it as a positive development for the government's efforts to achieve economic growth without stoking inflation. Finance Minister Arun Jaitley said that the rate cut would lead to more in the hands of consumer and greater spending. The RBI surprised markets with a 25 basis point cut in interest rates on Thursday and signalled it could do more, amid signs of slowing inflation.
