Welcoming the 25 basis point cut in repo rate, knitwear exporters in Tirupur said the rate cut has come at a time when the export momentum was picking up and this would further enhance the competitiveness of the sector.

TEA President A Sakthivel, however, expressed the hope that the banks would immediately pass on the benefit to its customers.

Terming the repo rate cut as a Pongal gift, he said this would provide room for making investments in the knitwear sector.

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