RBI rate cut will benefit auto sector, create positive sentiment: SIAM

Q: How long will it take to read this news story?

The story "RBI rate cut will benefit auto sector, create positive sentiment: SIAM" has 407 words across 13 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "RBI rate cut will benefit auto sector, create positive sentiment: SIAM" was covered 1 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 242 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27754218</li><li>URL: https://citrocola.beamstart.com/news/rbi-rate-cut-will-benefit-17441980729861</li></ul>

Business Standard Logo Business Standard 1w ago

RBI rate cut will benefit auto sector, create positive sentiment: SIAM - Business Standard

Quick Summary:

Automotive sector will benefit from the Reserve Bank of India cutting the key interest rate by 25 basis points as it will decrease financing costs and create positive sentiments in the market, the Society of Indian Automobile Manufacturers said on Wednesday.

The Reserve Bank of India (RBI) cut interest rates for a second consecutive time by cutting the repurchase or repo rate by 25 basis point to 6 per cent.

Reduction in rates at this time would have a positive impact on the auto sector, Society of Indian Automobile Manufacturers (SIAM) President Shailesh Chandra said in a statement.