Volume : II, Issue : X, October - 2013

The Impact of Exchange Rate on Indian Stock Exchanges like BSE & NSE

Mr. Divyang Patel Ms. Nikita Kagalwala

Abstract :

This paper analyze the relationship between exchange rate($/?) and Indian stock exchanges like BSE,NSE etc.. it measure the impact of changes in exchange rate on Indian stock exchanges like BSE, NSE. Several statistical test have been applied in order to measure the impact of exchange rate on Indian stock exchanges LIKE CORRELATION, REGRESSION AND ANOVA. The period for the study has been taken for eight years (from January 2005 to December 2012) using daily closing price and daily price are converted in to monthly price. From the data analysis we found that the result of Correlation confirmed that there is negligible relation between Exchange Rate and Nifty and negligible relation between Exchange rate and Sensex.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Mr. Divyang Patel, Ms. Nikita Kagalwala / The Impact of Exchange Rate on Indian Stock Exchanges like BSE & NSE / International Journal of Scientific Research, Vol.2, Issue.10 October 2013

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