Gem and jewellery sector reacts to RBI's repo rate cut
after close1 source ↓written by the desknot a recommendation
- in the key
- 25 basis point cut
The All India Gem and Jewellery Domestic Council (GJC) welcomed the 25 basis point cut in the key repo rate by the Reserve Bank of India (RBI). This move is expected to boost liquidity and trade growth in the sector, reflecting the government's commitment to enhancing the economic environment.
The GJC believes this decision will positively impact the gem and jewellery industry, fostering a more conducive trading atmosphere.
Not investment advice. For informational purposes only.