CITI thanked the RBI for cutting the repo rate to 5.25 per cent, saying it should ease borrowing and improve capital access for MSME-dominated textile and apparel firms.
Chairman Ashwin Chandran welcomed RBI’s 7.3 per cent GDP growth and softer inflation outlook.
He noted the sector remains hit by the US’ 50 per cent tariff, with exports there at about $11 billion.
Chairman Ashwin Chandran welcomed RBI’s 7.3 per cent GDP growth and softer inflation outlook.
He noted the sector remains hit by the US’ 50 per cent tariff, with exports there at about $11 billion.
