New Delhi: Finance Minister Arun Jaitley Monday said that if the Reserve Bank of India moved to lower the cost of capital by cutting interest rates at this juncture of cooling inflation, it would provide a "good fillip" to the economy.

"I am quite clear in my mind that the cost of capital has to come down. Inflation has moderated, global fuel price has eased. Therefore, if the RBI, which is a highly professional organisation, in its wisdom decides to bring down the cost of capital it will give a good fillip to the Indian economy," he said.