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    Question

    What is the net short position of the RBI in the forward

    market by the end of November 2024?
    A $49.18 billion Correct Answer Incorrect Answer
    B $55.9 billion Correct Answer Incorrect Answer
    C $58.9 billion Correct Answer Incorrect Answer
    D $60.5 billion Correct Answer Incorrect Answer
    E $62.4 billion Correct Answer Incorrect Answer

    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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