Mumbai, April 9 -- FICCI welcomes Reserve Bank of India's decision to cut the repo rate by 25 basis points for the second time this year. Also, the shift in the monetary policy stance to 'accommodative' from 'neutral' is timely. The accommodative stance signals the central bank's commitment to supporting growth while ensuring financial stability. We now look forward to a swift and effective transmission of the rate cut by the banks in the form of lower lending rates. At this time, it is imperative that we continuously strengthen the domestic levers of growth as the global environment is very dynamic and is fraught with several uncertainties and we see today's decision by RBI with regard to the policy rate as a step in that direction. FICCI ...