EEPC India & ANAROCK RBI's repo rate cut on expected line
Kolkata, April 9 -- The EEPC India on Wednesday reacted to RBI's cut the repo rate, saying it was expectedly the Central bank has cut the repo rate for the second time in a row by 25 basis points to 6 percent.
The move should further support economic growth, which currently faces major challenges on the external front arising from the global trade tariff war, according EEPC India chairman Pankaj Chadha.
" Once fully transmitted by banks, the two back-to-back rate cuts should reduce the industry's capital cost. They are also expected to bolster consumption demand and push private capex," he opined.
The global uncertainty has been mounting, following the Trump administration's decision to impose reciprocal tariffs. Markets worldwide have been...
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