<h1>Government Supports RBI's Repo Rate Cut to 6.75%, Aims to Boost Growth and Investment; Inflation Vigilance Stressed.</h1> The government has welcomed the Reserve Bank of India's decision to reduce the repo rate from 7.25% to 6.75%, viewing it as a move to boost confidence and investment, and aid economic growth. The Finance Minister emphasized the importance of maintaining vigilance on inflation and ensuring the rate cut's benefits are transmitted throughout the economy. Additionally, Indian corporates can now raise funds through rupee-denominated offshore bonds. The government plans to increase foreign portfolio investment limits in government securities, enhancing liquidity and foreign participation. The Chief Economic Adviser highlighted the importance of banks and market rates in transmitting the rate cut's effects.