"Globally exports are also doing badly across the world and global growth itself is slow. So I am quite happy to see the rupee depreciate."

"We will have to wait and watch out for the final outcome of this. But my sense is that the direction is broadly forward. To that extent, i...

"We shall have to see if Tsipras or the EU Troika blinks first. I feel it will be Troika," says Mythili Bhusnurmath.

"Both the government and the RBI should wake up and realise what the dangers of a strengthening rupee are," Mythili told ET Now.

'Relative strength of the rupee must be seen in light of that because given our macro-economic fundamentals, India is in line with improvem...

They can be forward looking and to that extent they can run ahead, but unless growth recovers, it is going to be very difficult for markets...

"Whether it is 2.3% or 2.1%, it is just a minor detail. The fact is that the WPI is well within range; the level is completely manageable a...

"I do not think we will have any surprises on the rupee as well as the yield front. The same slow and painful recovery is likely to continu...

"Given the government's fiscal position, the timing does suggest that the RBI has been unduly influenced by the government’s arm twisting."

'The quality of the fiscal correction, even the slight relaxation, just does not bear up with what the government has said,' says Mythili B...

"Now is the time for us to repair our roof while the sun is still shining. There is the clear message going into 2015."

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.

'I do hope that he exercises his judgement well for all of us, and goes ahead with a rate cut,' says Mythili Bhusnurmath.

He is going to find it very difficult to give a convincing reason why he should not cut rates now.

"It really does not make much difference whether banks lend to the government or lend to the corporate sector. So, SLR reduction does not c...

"The market clearly knew better than all of us -- as we have guessed -- that the repo rate would be kept unchanged. That is why the markets...

'At the helm of a central bank, you really need somebody who will take the long-term view of the economic health of the country'