TEA hails 0.50 per cent cut in repo rate

Image
Press Trust of India Coimbatore
Last Updated : Sep 29 2015 | 1:42 PM IST
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 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 growth of exports.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Sep 29 2015 | 1:42 PM IST

Next Story