[Cinisajoy]

Jasmine and basmati are both on the same aisle at Walmart as the rest of the rices. Note if I remember correctly Jasmine has a unique flavor profile. Both are also on the rather expensive side.
If you aren't brand picky, Great Value is usually on par with the name brand products. And 32 ounces is $1.18. I would do the 1:1.4 ratio.
And do rinse the rice. You won't lose that many nutrients. Especially if you are using white long grain rice.
I would rinse just because of the way it is packaged.