In a statement, Raja M Shanmugham, President thanked the monitory policy committee for reduction of Repo rate from 6.25 per cent to 6 per cent the expected line and at the same time, he appealed to the banks to pass on the Rate cut benefits to exporters, who have been struggling and facing initial hiccups after implementation of GST from 1st July onwards. Raja M Shanmugham mentioned that the association has already represented to all banks for enhancement of limit to ease the working capital blockage and hope the banks would consider the genuine requisition of exporting units, particularly SMEs in the export sector and also pass on the Rate Cut benefits.