Cheering the surprise RBI rate cut, the corporate bodies said, the move sends a positive signal to investors and will help boost growth by lowering the cost of capital. Confederation of Indian Industry, CII Director General Chandrajit Banerjee said, coming on the back of a growth-oriented Budget, the cut in headline interest rate by the RBI sends a huge positive signal that the central bank and the government are working in tandem to provide a robust scaffolding to growth, even while not losing sight of inflation.Assocham President Rana Kapor said the out of turn rate cut will boost the morale of the consumers as also lower the interest costs of the industry.