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https://gnanaganga.inflibnet.ac.in:8443/jspui/handle/123456789/10726
Title: | Rupee Volatility and Stock Performance- An Empirical Study |
Authors: | A. Satya Nandini Ganesh Kumar. R |
Issue Date: | 2014 |
Publisher: | Focus the International Journal of Management |
Abstract: | The research tries to understand the volatility of the Indian Rupee (INR) / US Dollar ($) exchange rate and its relationship with Indian stock market. The data used is monthly opening and closing prices of SENS EX and NIFTY over an eon of l years (2003 - 2013). Testing persistence for SENSEX and NIFTY found a weak correlation but they had a correlation coefficient of 0. 99 indicating movement in the same direction. A negative correlation was found between stock returns and the returns from the dollar with less significant impact which means a positive correlation with the returns from the Rupee. As stock market gai ns a positive sentiment prevails, improving investments in Indi and capita l market. This in turn increases the demand for INR and the price of INR in returns of $ increase, thereby depreciating the value of$ and vice versa. Hence, it is statistically established ed that $ fluctuations are influenced by stock market performance in India. |
URI: | http://gnanaganga.inflibnet.ac.in:8080/jspui/handle/123456789/10726 |
Appears in Collections: | Articles to be qced |
Files in This Item:
File | Size | Format | |
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RUPEE VOLATILITY AND STOCK PERFORMANCE- AN EMPIRICAL STUDY.pdf Restricted Access | 2.78 MB | Adobe PDF | View/Open Request a copy |
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