• Download mobile app
08 Dec 2023, Edition - 3069, Friday

Trending Now

  • Shivraj Singh Chouhan has launched Mission 29 (29 LS seats) for 2024 Lok Sabha polls.
  • ‘BJP can only win in Gau mutra states’: DMK MP Senthil Kumar makes a controversial remark in Lok Sabha
  • 15 Trains Cancelled As City Continues to Reel Under Waterlogging; Death Toll Reaches 20


TEA hails repo rate reduction

Covai Post Network


Tirupur Exporters’ Association (TEA) today welcomed the Reserve Bank’s decision to reduce the repo rate by 0.25 per cent, from 6.5 to 6.25 per cent.

In a statement, TEA president, Raja M. Shanmugham said that taking this into account, the banks should immediately come forward to pass on the benefits to the customers and fulfill the real objective of repo rate cut by the RBI.

Once the banks pass on the benefit, it will be helpful to enhance the competitiveness of the knitwear garment exporting units, which are struggling to sustain in the competitive global market, he said.

Subscribe To Our Newsletter