"It may be that the region this animal is inhabiting is remote enough for it to remain undiscovered so far."
The little known Indian version of the legendary ape-like creature is called mande barung - or forest man - and the black and grey animal is thought to stand about 10ft tall.
The hair was discovered earlier this year by BBC reporter Alastair Lawson, who went on an expedition to find the animal after a number of reported sightings.
A forestry officer had seen the creature in the same location and gathered the hair from the area where it had been standing.
Mr Lawson brought the hair back to England to be analysed and contacted Mr Redmond, who then linked up with scientists at Oxford Brookes.
Mr Lawson said: "The forestry officer said he had seen the Yeti two days in a row and persuaded a zoologist to come with him to collect the hairs.
"I'm not convinced that the Yeti exists, but we might have come across a primate that has not been discovered before.
"You have to bear in mind that the legend of the Yeti is a large part of the people's culture in this region and those traditions are deeply respected.
"The Gaza correspondent Alan Johnston was once given hairs in Pakistan which were thought to have been taken from a Yeti and they turned out to be hairs from a goat's scrotum."
About the Yeti The Yeti is an apelike animal said to inhabit the Himalaya region of Nepal and Tibet.
The scientific community has largely dismissed the Yeti as a fraud but it remains one of the most famous creatures of cryptozoology, the study of uncomfirmed animals.
The Yeti was dubbed the Abominable Snowman in 1921 after an Everest expedition found large footprints at 21,000ft. Sir Edmund Hillary also reported large footprints on Everest in 1953.
In December last year, American TV presenter John Gates reported finding 33cm-long footprints in the Everest region of Nepal.
Bigfoot, sometimes known as Sasquatch, is an alleged ape-like creature said to inhabit the Pacific northwest region of the United States and the Canadian province of British Columbia.
Alleged witnesses have described large eyes, a pronounced brow ridge, and a large, low-set forehead.
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