The manufacturing and exporting sector represented by the Engineering Exports Promotion Council on Wednesday reiterated its request for a cushion from the government to tide over the shocks coming from penal tariffs imposed by the United States.

But the Council extended a welcome to the cautious approach of the Reserve Bank of India which kept the Repo Rate unchanged at 5.5 per cent. EEPC Chairman, Pankaj Chadha said that a cautious approach was the need of the hour given the prevailing macroeconomic conditions. At the same time, he also expressed the optimism that the rate could be brought down during the remain part of the fiscal 2025-26, so that credit becomes cheaper for borrowers in India.

Ongoing trade policy uncertainties stemming primarily from the US pose downside risks to expor

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