Problem Has Shifted From Current Account To Capital Account: Jahangir Aziz
  • Saba Ashraf
  • Aug 29 2013

August 29: Jahangir Aziz, Head of Asia Economic Research at JPMorgan, says the gold import restrictions have worked and CAD has declined, but a lack of capital flows is driving rupee weakness. Referring to the implications of the food bill in a time of crisis, he says, “It may take a year to implement the Food Security Bill, but the government will need to find new sources of revenue to finance the bill.”