RBI rate hike to impact cost of doing business, especially for MSMEs: Industry leader
Mumbai, Oct 7 (IANS) President of the IMC Chamber of Commerce and Industry, Prof. Mahendra Kumar Chouhan, said on Wednesday said that the Reserve Bank of India’s 25-basis-point repo rate hike to 5.5 per cent is likely to raise the cost of doing business, particularly for SMEs and MSMEs, and urged the central bank to adopt a measured stance amid other underlying strengths in the economy.