Data dependency not the right way to go for rate cuts: Mythili Bhusnurmath

In a chat with ET Now, Mythili Bhusnurmath, Consulting Editor, ET NOW, shares her outlook for the RBI policy.

ET Now: What are your initial views on expected lines? Will the key rates remain unchanged?

Mythili Bhusnurmath: The only problem is that the RBI governor said it is data dependent. In an environment where data is constantly changing and we have seen oil prices collapse -- the extent of 30% decline in oil prices in just two months -- I am not very sure whether the data dependency is the right way to go. So I do hope he has taken the right call.