New Delhi: The Reserve Bank of India’s ( RBI ) decision to cut the repo rate by 25 basis points to 5.25 per cent is a timely, confidence‑building measure that will lower borrowing costs, support growth and exports, industry chambers said on Friday.

The Associated Chambers of Commerce and Industry of India (ASSOCHAM) hailed the "proactive" move as it comes at a "juncture where the Indian economy reflects a state of balanced strength, marked by robust GDP growth and contained inflationary pressures."

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The Federation of Indian Export Organisations (FIEO) welcomed the Reserve Bank of India’s decision and said that the move will enhance export competitiveness and ease liquidity constraints across the

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