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<h1>Repo rate reduction signals policy support and urges transmission to boost investment and credit growth.</h1> The Government endorses the repo rate reduction as reflecting moderated inflation and enabling policy support, commits to fiscal consolidation, and will facilitate transmission of monetary easing including by reviewing the small savings framework. It permits corporates to raise External Commercial Borrowings through rupee denominated offshore bonds with no end use restrictions, and expands a Medium Term Framework raising FPI limits in Government Securities while establishing FPI limits for State Development Loans to boost predictability, foreign participation and liquidity.