Tuesday, October 27, 2020


Apparel exporters disappointed by repo rate –TEA

Mumbai: The Tirupur Exporters’ Association (TEA) has said the Reserve Bank of India’s decision to keep the repo rate unchanged…

By gta_admin , in Comapny news National News , at February 9, 2017 Tags:

Mumbai: The Tirupur Exporters’ Association (TEA) has said the Reserve Bank of India’s decision to keep the repo rate unchanged at 6.25% has disappointed the apparel export community, which was expecting a reduction in interest rate post demonetization. The Association said that the reduction in interest rate is the most important at this juncture to increase the competitiveness of apparel sector at a time when the export growth rate is a meagre 3.54% for the nine months period of this fiscal year 2016-17.

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