Raja M Shanmugham, President, Tiruppur Exporters’ Association after hailing the reduction of policy Repo Rate by 0.35 percent from 5.75 percent to 5.4 percent, and appreciated the Monetary Policy Committee decision to maintain the accommodative stance of Monetary policy stance. He specifically thanked the Hon’ble Union Minister of Finance and RBI Governor for this decision which will support for the growth of the industries.