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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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