
The Reserve Bank of India's net short dollar position in the rupee forward market increased to $66.04 billion by the end of November, up from $63.6 billion in October. This position is distributed across various contract tenures, with a significant portion in contracts longer than one year. Meanwhile, the rupee's real effective exchange rate (REER) remained at 97.51 in November, indicating a potential depreciation relative to the base year.
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