Comments
The Tirupur Exporters’ Association has appealed to the banks to reduce the interest rate by one per cent after taking into account the policy rate cut by the Reserve Bank of India.
Welcoming the banking regulator’s shift in stance from controlling inflation to stabilising growth, the association President, Mr A. Sakthivel, said that banks should consider a reduction in interest rate at this juncture as the woven and knitwear exporting units have been severely affected due to the steep increase in interest rate.
“A one per cent rate cut would help increase the competitiveness of the knitwear exporters and sustain in the global market.’’
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.