Robust economy, bank reforms outdo rupee concerns: JP Morgan CEO

Jamie Dimon, CEO of JP Morgan, feels that reforms are tough across all the countries that have embedded politics and systems. A country having state-owned banks should be very careful.

India’s robust economic growth and key reforms by the government such as the goods and services tax (GST) and mergers in public sector banks are some of the key advantages that overshadow the concerns arising from the macroeconomic concerns and sliding rupee, JP Morgan chief executive officer Jamie Dimon said in an interview with The Economic Times.

Four key takeaways from the interview

1. US rate hike and its impact on Indian economy and the rupee

Dimon thinks that there's 10-15 per cent probability of key lending rates in the US hitting 4 per cent, but the future curve embeds