JP Morgan On India’s Rupee Rescue
  • Gaurav Sarkar
  • Aug 21 2013

Sajid Chinoy, An Indian Economist At JP Morgan, states that India is not alone in the current turmoil situation and that the rupee fall is the gravest problem as of now. He believes that the government is being pragmatic about the balance of payments and that there is no “big bang” solution to the current account. “Sovereign/NRI bond issue not a feasible situation,” he points out.