• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

New Delhi, Jan. 28

The Federation of Indian Export Organisations (FIEO) has expressed the hope that the Reserve Bank of India would consider a reduction in the cost of credit in the short term, as was done by the US Federal Reserves which recently announced a reduction of 75 basis points.

In a statement on the eve of the Monetary and Credit policy, the FIEO President, Mr Ganesh Kumar Gupta, said that the monetary policy had a crucial role to play at the present juncture with the economy recording a high GDP growth of around 9 per cent and rising consumer and food prices putting upward pressure on inflation.

More Stories on : Credit Policy | Industry Associations

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Hopes of rate cut drive up auto stocks

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line