Role of Select Macro Economic Factors in Indian Foreign Exchange Rate w ith special reference to Dollar and Rupee : An Empirical Study

Authors

  • Imam A Senior Associate, Zinka Logistics Solutions Pvt. Ltd.
  • Patra N Assistant Professor, Dept. of Computer Science and Technology, iLEAD, Kolkata, INDIA

Keywords:

Foreign Exchange, Vix, OPEC, Dow Jones, Nifty 50, Commodity, Balance of Payments

Abstract

Foreign exchange reserve is an important phenomenon for global trade. The excess outflow of domestic currency due to any crisis leads to the devaluation of the domestic currency. It also forces central banks to deploy reserves to support their currencies. Foreign exchange is traded in financial markets and people with underlying interests like speculators, arbitrageurs & exporters. This paper focuses on the study of the extent effect of macro-economic factors on the Indian foreign exchange rate, Indian rupee/USD by using a linear regression model (Excel) and a Random Forest model using (R).

References

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Published

2024-05-02

How to Cite

Imam, A., & Patra, N. (2024). Role of Select Macro Economic Factors in Indian Foreign Exchange Rate w ith special reference to Dollar and Rupee : An Empirical Study. Journal of Academic Advancement, 2(01), 24–32. Retrieved from https://jaa.kbsaa.org/index.php/j/article/view/15

Issue

Vol. 2 No. 01 (2023): Jan-Jun

Section

Research Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

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