New Delhi, Dec. 5 -- The Federation of Indian Export Organisations (FIEO) welcomed the Reserve Bank of India's decision to reduce the repo rate by 25 basis points, describing it as a timely and encouraging step that will enhance export competitiveness and ease liquidity constraints across the exporting community.
SC Ralhan, President of FIEO, said, "We appreciate the RBI's timely intervention. A 25-bps cut in the repo rate will significantly lower the cost of credit for exporters, enabling them to invest more freely in working capital, technology upgradation, and international marketing efforts. This is a much-needed boost at a time when global demand is volatile, and input costs remain unpredictable."According to FIEO, the rate cut is exp...