Sajjid Chinoy on why rupee expectations matter
Sajjid Chinoy, India economist at JP Morgan, tells NDTV that a clear view and strategies are needed from the Reserve Bank. He says the recent move by the apex bank has spiked the rupee and that he believes these rates will stay high for longer than Street expectations. Mr Chinoy says currently there is no magic solution for India's crisis and that both tactical and structural measures are needed to counter the problem.
