REER

Outstanding forward market short position climbs to $88.7 billion

The REER is expected to have declined further in January 2025, said market participants

In October 2024, the rupee appreciated by 1.8 per cent month-on-month (M-o-M) in terms of the 40-currency REER

Given its stage and uncompetitive infrastructure, India's approach has been largely naïve or self-destructive

An informed and data driven debate on estimating a currency's valuation is required