According to Jahangir Aziz, chief economist, JPMorgan low crude prices would be a massive positive for Indian current account deficit, even if it were to trade at USD 80/barrel.
Jahangir Aziz, chief economist, JPMorgan in an interview to CNBC-TV18 spoke extensively on reasons for nervousness across equity markets due to fall in crude prices and volatility seen in most currencies.
Globally, most of Asian markets were weak barring Shanghai. The markets seemed to be weighed down by the persisting slump in oil prices and weak US close. The rupee too has plunged to a 13-month low on broad dollar strength.
According to Aziz low crude prices would be a massive positive for Indian current account deficit, even if it were to trade at USD 80/barrel.
Answering a query if India doing enough in terms of the government getting its act together with regards to reforms etc - he thinks the crucial variable to watch out for a turnaround would be corporate investments, which has not yet picked up and is still languishing.
Talking about the depreciating rupee, he says the house was expecting it to trade at around 65 to the dollar in 2015 but it seems to have happened earlier than expected.
The impact of Russian sell off on global economy and global equity inflows is a bit exaggerated and only a knee-jerk reaction could be expected but it would definitely impact fiscal stability for the country per se, says Aziz
transcript to follow
Anda sedang membaca artikel tentang
Fall in crude big positive for Indian CAD: JP Morgan
Dengan url
http://untukkesehatanda.blogspot.com/2014/12/fall-in-crude-big-positive-for-indian.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Fall in crude big positive for Indian CAD: JP Morgan
namun jangan lupa untuk meletakkan link
Fall in crude big positive for Indian CAD: JP Morgan
sebagai sumbernya
0 komentar:
Posting Komentar