*******What Undid Don…ET

https://epaper.indiatimes.com/english-news-paper-today-toi-print-edition/5th-november-2026/what-undid-don/printarticle/135552443.cms?redirectionSource=TOIWeb&_gl=1*1192m1o*_gcl_au*MjA5MzgyMjU3Ny4xNzg2OTgzMDEwLjE5MzkxNzgzMTcuMTc5Mzg0MDI4My4xNzkzODQwMjgyLjkxMzM1NjE2Ny4xNzkzODM4Njc2LjE3OTM4NDAzMDk.*_ga*MjA4MjI2Nzg2MC4xNzg2OTgyNzEz*_ga_FCN624MN68*c05hTiRvMSRnMCRqNjAkbDAkaDA.&tophead=epaper Nobody expected Democrats to win the midterms so dramatically. Even Trump’s admitted he’s “a little bit surprised”. The rest of the democratic world, India

*******[1]Rather than Rupee Vs Dollar level, what should matter now is precious reserves [2] Foreign capital supplements domestic savings [3] Howver, India has not been to attract and retain enough foreign capital [4] Why India has not been able to do so — is an issue [a] First increasing investments in AI and related areas is absorbing capital from around the world–Since India is not in the AI play in any significant manner, it is unable to draw foreign flows [a1] The AI boom is also one of the reasons Indian stock markets have underperformed and are witnessing outflows of foreign funds [b] higher bond yields in the developed world are affecting flows.– [5] The world is changing structurally, and India needs to adjust. The playbook on both the current and capital accounts is well known. Leaving the adjustment reluctantly to the currency market alone could become painful beyond a point– Courtesy BS

*******Correcting rupee against fundamentals ultimately futile, says RBI’s ex-guv Subbarao

Read more at:https://economictimes.indiatimes.com/industry/banking/finance/correcting-rupee-against-fundamentals-ultimately-futile-says-rbis-ex-guv-subbarao/articleshow/135034910.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Dubai: Trying to correct the rupee to a level that does not reflect economic fundamentals through costly, distortionary short-term measures will ultimately

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