Comments
Tirupur Exporters’ Association today welcomed the 0.5 per cent reduction in repo rate by the Reserve Bank from 7.25 per cent to 6.75 per cent with immediate effect.
Endorsing RBI’s view that banks should come forward and transmit the rate reduction so that customers can avail themselves of the actual benefit of such cuts, TEA president A Shaktivel said banks should also work out means to reduce their base rate, which would trigger more investment and also export growth.
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.