Business confidence of exporters raised

The central bank has announced its second bi-monthly monetary policy statement for FY17

Tirupur Exporters Association (TEA) on Tuesday welcomed the announcement made by Reserve Bank of India Governor Raghuram Rajan that RBI will monitor rupee and dollar liquidity.

In a statement, TEA President A Shaktivel said: "RBI Governor's statement has raised the business confidence of the exporters since they would not face any extreme risk of volatility in prices and the exports would go smoothly," Shaktivel said.

RBI has announced the second bi-monthly monetary policy statement for 2016-17.