Question
What is the net short position of the RBI in the forward
market by the end of November 2024?Solution
By the end of November 2024, the RBI's net short position in the forward market was $58.9 billion, an increase from $49.18 billion in October. This short position arose from the RBI's interventions in the foreign exchange market to manage the rupee's volatility against the US dollar.
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