AIAI expected reduction in Repo Rate

RBI has maintained same Repo Rate consecutively for the 7th time. MSME was expecting reduction in Repo rate atleast by 0.5% to boost the demand and economic growth to make MSME more competitive said Dr. Vijay Kalantri, President, All India Association of Industries (AIAI).

AIAI further feels reduction in Repo rate would have given boost to the MSME especially when the economy is looking up and IMF has predicted the growth of 7.5% for India. Reduction in interest rate would have given boost not only to domestic production but also to export and employment in this sector.