New Delhi, Dec. 5 -- After the Reserve Bank of India announced a 25 basis points reduction in the policy repo rate, Congress MP and former Union Finance Minister P Chidambaram on Friday said that this move was expected because of decreased inflation and sufficient liquidity.

He further hoped that this move would benefit borrowers, especially those with EMI-based loans, and marginally help investors.

Speaking to ANI, P Chidambaram said, "This was expected because according to RBI and government data, the inflation has come down. Wholesale Inflation has also come down, and there is enough liquidity. Therefore, this was expected that the RBI cut the policy rate by 25 basis points. It should help those who borrow on EMI basis and it should ...