New Delhi: Welcoming the Reserve Bank of India's credit policy as ''pragmatic'', Finance Minister Yashwant Sinha on April 29 said the policy comprises a number of good decisions including the one to cut cash reserve ratio (CRR).

The policy also indicates the RBI's bias towards softer interest rates regime, he told reporters outside Parliament House.

Regarding reduction in bank rates, Sinha said the issue has been left open. RBI would take a decision as and when necessary.

He also said the policy would not have any adverse impact on the government's borrowing programme.

PTI