Several exporters, on Friday, expressed discontent over the Reserve Bank of India’s recent cash-tightening measures.
“It is ridiculous that the RBI is trying to suck out excess liquidity in the system by keeping the repo rate under the liquidity adjustment facility unchanged at 7.25 per cent instead of looking at the actual problems that lead to liquidity and inflation,” G.R. Senthilvel, exporter and secretary of Tirupur Exporters and Manufacturers Association (TEAMA), told The Hindu .
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