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Search resuls for: "Sajjid Chinoy"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe RBI has 'a problem of plenty' when it comes to its current account: JPMorganSajjid Chinoy of JPMorgan says India's foreign exchange reserves has allowed it to have a degree of monetary policy independence and that in a polycrisis world, having "more is better".
Organizations: JPMorgan Sajjid, JPMorgan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIsrael-Hamas conflict could pressure India's oil imports, JPMorgan saysSajjid Chinoy, chief India economist at JPMorgan, says "the last thing … the global economy needs is another supply shock."
Persons: Sajjid Chinoy Organizations: Israel, JPMorgan Locations: India
The Oct. 3-7 Reuters poll of 47 economists suggested inflation - as measured by the Consumer Price Index (INCPIY=ECI) - rose to an annual 7.30% in September from 7.00% the previous month. Some 91% of economists, 43 of 47, expected inflation to be 7.00% or higher, suggesting the bias was for prices to go up further. "There is a strong pressure from food that is playing out," said Dharmakirti Joshi, chief economist at Crisil. The Indian government has introduced measures to calm local prices, including some export restrictions on rice to temper inflation. But consumer prices have remained defiant and stayed above the RBI's upper tolerance limit this year.
A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. The RBI has lagged many of its global peers, despite inflation sticking above the top end of its target range of 2-6% all year. Register now for FREE unlimited access to Reuters.com RegisterIn the latest Reuters poll, economists were split five ways on what the RBI will do at its next meeting. Slightly over half, 26 of 51, said the RBI would go for a 50 basis point hike, taking the repo rate to 5.90%. Economists expected growth to average 6.2% and 6.5% over the next two years, the poll showed.
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