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Rate relief cheered: Auto industry backs RBI’s 50 bps repo cut; expects boost in affordability, retail demand
India's automobile sector is optimistic following the Reserve Bank of India's rate cut, anticipating improved financing access and strengthened consumer sentiment. The reduction in repo rate and CRR is expected to infuse liquidity, boosting vehicle retail and supporting overall economic growth. Stakeholders believe this timely intervention will enhance affordability and spur demand in the auto industry.
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