Short Term Exchange Rate Fluctuations in India: An Exploratory Study

Chandan Singh Adhikari, J K Sachdeva


This paper does an exploratory analysis of factors responsible for the volatile fluctuations in the exchage rate of Indian rupee duirng the calendar year of 2013. The series Exchange Rate (RBI Reference Rate), MIBOR Rate, Crude Oil Pirce, Foreign Reserves, Gold rate and Nifty were found to be cointegrated and long run and short relationships have been explored by VECM.

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