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New Delhi, July 31 The Federation of Indian Export Organisation has expressed disappointment over the first quarter review of monetary policy. In a statement, the FIEO President, Mr Ganesh Kumar Gupta, said that he expected the 2 per cent interest subvention on export credit to be extended to all export sectors across the board and irrespective of the investment made in plant and machinery.

To offset the adverse impact of rupee appreciation against US dollar, the Government had recently announced 2 per cent interest subvention on nine export sectors including leather and garments.

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