New Delhi, Dec. 5 -- Anant Goenka, President, of industry chamber FICCI welcomed the RBI's decision to reduce the repo rate by 25 basis points, asserting that this calibrated easing will help stimulate credit offtake.

The FICCI President said the reduction in the policy rate will also reduce borrowing costs for industry and consumers, and reinforce the current growth momentum.

"FICCI welcomes the RBI's decision to reduce the repo rate by 25 basis points. This calibrated easing will help stimulate credit offtake, reduce borrowing costs for industry and consumers, and reinforce the current growth momentum," Goenka said in a brief statement.

The upward revision, as announced in the policy today, of estimated GDP growth for current fiscal ...