• Download mobile app
25 Jun 2024, Edition - 3269, Tuesday

Trending Now

  • DMK is the reason for the Kallakurichi hooch fiasco but the CM is least bothered about it : EPS
  • Caste census should be taken by the centre expeditiously. This is to be resolved in the next assembly session : CM Stalin
  • First parliamentary session with the newly elected MPs begins. My government will function dutifully with compassion : PM Modi

Coimbatore

TEA hails repo rate reduction

Covai Post Network

Share

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

COIMBATORE WEATHER