Finance Minister Nirmala Sitharaman welcomes RBI's rate cut as Indian economy needs push amid trade uncertainties caused by US tariff hikes.
Sitharaman expresses confidence in the underlying strengths of the Indian economy based on domestic demand amidst the ongoing global markets turmoil.
The Reserve Bank of India (RBI) reduces key interest rates for a second consecutive time to 6% and signals more easing to come in order to bolster the economy.
Sitharaman emphasizes the importance of support from both the central bank and the ministry to invigorate growth and maintain the strength of the Indian economy in the face of global uncertainties.