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Analysis of Macroeconomic Determinants of Exchange Rate Volatility in India

Author

Listed:
  • Anita Mirchandani

    (AMITY University, Dubai, United Arab Emirates)

Abstract

The Foreign Exchange Market in India has undergone substantial changes over last decade. It is imperative by the excessive volatility of Indian Rupee causing its depreciation against major dominating currencies in international market. This research has been carried out in order to investigate various macroeconomic variables leading to acute variations in the exchange rate of a currency. An attempt has been made to review the probable reasons for the depreciation of the Rupee and analyse different macroeconomic determinants that have impact on the volatility of exchange rate and their extent of correlation with the same.

Suggested Citation

  • Anita Mirchandani, 2013. "Analysis of Macroeconomic Determinants of Exchange Rate Volatility in India," International Journal of Economics and Financial Issues, Econjournals, vol. 3(1), pages 172-179.
  • Handle: RePEc:eco:journ1:2013-01-17
    as

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    References listed on IDEAS

    as
    1. Richard Meese & Kenneth Rogoff, 1983. "The Out-of-Sample Failure of Empirical Exchange Rate Models: Sampling Error or Misspecification?," NBER Chapters,in: Exchange Rates and International Macroeconomics, pages 67-112 National Bureau of Economic Research, Inc.
    2. Pami Dua & Partha Sen, 2006. "Capital Flow Volatility And Exchange Rates-- The Case Of India," Working papers 144, Centre for Development Economics, Delhi School of Economics.
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    Cited by:

    1. repec:eee:energy:v:151:y:2018:i:c:p:402-407 is not listed on IDEAS
    2. repec:eco:journ1:2017-04-17 is not listed on IDEAS
    3. Mohd. FAYAZ & Kaur Bhatia SANDEEP, 2016. "Trends , Patterns and Determinants of Indian Current Account Deficit," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 16(1).

    More about this item

    Keywords

    Exchange Rate; Inflation; Interest Rate; Foreign Exchange Market; Current Account; Exchange Rate Volatility; International Trade;

    JEL classification:

    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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