A study on India: the dynamic brunt of macroeconomic variables on movement of exchange rate
by Baranidharan Subburayan
International Journal of Business Forecasting and Marketing Intelligence (IJBFMI), Vol. 9, No. 2, 2024

Abstract: This study's goal is to examine the dynamic behaviour of macroeconomic factors brunt on exchange rate movement in India over the period from May 2010 to August 2022. The study employed STATA software and econometric techniques including robust regression, GLS, and ARIMA model and the secondary data collected from RBI official website. The study's revealed that M3BM, IIP, and WIP had negative effects on the exchange rate, CMR and CP had favourable effects. Insignificant findings obtained for the TB, gold prices, NETFII, imported oil, TB91Days, and exchange rate (EXR). The study concluded that the exchanges rate movements were auto-regressed and brunt of economic fundaments was not effective expect, CMR and CP. The study offers regulators and policymakers the opportunity to create macroeconomic plans like INR as a trade exchange currency and for financial analysts and investors, as it helps them understand the interdependence of the macroeconomic variables and the exchange rate and thereby make informed investment decisions.

Online publication date: Tue, 02-Apr-2024

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business Forecasting and Marketing Intelligence (IJBFMI):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com