Kolkata, Dec 6 (Reporter) The EEPC India on Friday said the Monetary Policy Committee's decision to keep the repo rate unchanged at 6.50 per cent is on expected line given that retail inflation had in October this year breached its upper tolerance band. However, the reduction in the cash reserve ratio (CRR) by 50 basis points to 4 pc would ease liquidity and support growth. " We welcome the pragmatic approach taken by the RBI and hope that it will consider rate cut in the next quarter once the inflation pressures ease," EEPC india chairman Pankaj Chadha said in a statement. In the September quarter of the current fiscal, the GDP growth moderated sharply to 5.44 pc which was largely contributed by the weak growth in the industrial sector. While domestic demand remains robust, global conditions remain uncertain, he said. Considering this, the industry needs both fiscal and monetary support. The engineering exports sector has been one of the key drivers of merchandise exports. It logged an impressive 39% growth in October this year. In order to continue this momentum, the industry needs government support at various levels. Making export credit available at an affordable rate would significantly help the engineering sector continue the current pace of growth in exports, Chadda opined...////...