World economy more resilient today to events in China: Mythili Bhusnurmath"We seem to be getting immune to events in China. Maybe there is more resilience in the world economy now than what we had imagined in the ...
Happy to see rupee depreciate, needs to weaken further: Mythili Bhusnurmath, ET NOW"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."
GST bill on right track, but still a long way to go before it's passed: Mythili Bhusnurmath"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...
Rupee ought to weaken to boost exports, complement growth momentum: Mythili Bhusnurmath'Relative strength of the rupee must be seen in light of that because given our macro-economic fundamentals, India is in line with improvem...
We have to get realistic about Modi government: Mythili Bhusnurmath"In fact, the kind of media attention that is being devoted to one year of Modi government is taking a lot of time," Bhusnurmath said.
Current market correction was long overdue: Mythili BhusnurmathThey 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...
Don't see much cause for worry on the CPI front: Mythili Bhusnurmath"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...
Expect sideways movement for both rupee & yield until Fed gives clear signal: Mythili Bhusnurmath"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...
Timing of rate cut by RBI surprising: Mythili Bhusnurmath"Given the government's fiscal position, the timing does suggest that the RBI has been unduly influenced by the government’s arm twisting."
Not happy with what Govt has done on fiscal consolidation in Budget 2015: Mythili Bhusnurmath'The quality of the fiscal correction, even the slight relaxation, just does not bear up with what the government has said,' says Mythili B...
Strong economic fundamentals crucial for countering dollar strengthening: Mythili Bhusnurmath"Now is the time for us to repair our roof while the sun is still shining. There is the clear message going into 2015."
Data dependency not the right way to go for rate cuts: Mythili BhusnurmathI am not very sure whether the data dependency is the right way to go. So I do hope he has taken the right call.
Won’t rule out a rate cut by RBI tomorrow: Mythili Bhusnurmath'I do hope that he exercises his judgement well for all of us, and goes ahead with a rate cut,' says Mythili Bhusnurmath.
Believe RBI Governor won’t like to cut rates for now: Mythili Bhusnurmath, ET NowHe is going to find it very difficult to give a convincing reason why he should not cut rates now.
Markets should be relieved as there are no surprises in credit policy: Mythili Bhusnurmath, ET 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...
RBI Governor sending confusing signals to markets: Mythili Bhusnurmath"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...
India not addressing the basic cause of disease: Mythili Bhusnurmath'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'