Exporters seek relief from RBI ahead of policy review
Ahead of RBI’s half-yearly monetary policy review on October 30, exporters, hit by a spiralling rupee, have demanded a cut in benchmark interest rates.
By TNN |
NEW DELHI: Ahead of RBI’s half-yearly monetary policy review on October 30, exporters, hit by a spiralling rupee, have demanded a cut in benchmark interest rates and said interest on export finance should be brought at par with global rates to help them regain their competitiveness.
“We demand RBI should cut the cash reserve ratio by 50 basis points for more liquidity in the banking system... We have also demanded a cut in benchmark interest rates,” FIEO president Ganesh Gupta said.
“We demand RBI should cut the cash reserve ratio by 50 basis points for more liquidity in the banking system... We have also demanded a cut in benchmark interest rates,” FIEO president Ganesh Gupta said.
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