A Study on Fluctuating INR and USD Currency Patterns
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 9
Abstract
This research paper discovers the impact of INR and USD variations of currency on Indian economy. The factors which have been created INR to depreciate were the weakening of current account deficit, capital flight of India, trade deficit rise in oil price and higher inflation. This paper also suggests the correlation between various currencies, that are, Pounds sterling, Japanese Yen, INR, USD that shows the monetary values of such countries where the investors can make decisions to invest their capital accordingly. Due to depreciating INR investors shell out money from India and purchase dollars, this has played a major role in the currency fluctuations patterns. It can be said that the global exchange rate is inflated from some variables, such as, global economic slowdown, evidenced to be significant in prompting the volatility. According to the findings the INR against USD with show a massive fluctuation relating to the Eurozone crisis (2011) had triggered the dive in INR. The abbreviating conditions can be better off by limiting the debt instruments and heft taxes through getting the intervention of RBI in the Indian economy respectively against USD monetary flow decisions of the currency and FOREX market.
Authors and Affiliations
Taher Ali Kapadiya, Aishwarya Tak, Smrity Singh, DrVarsha Agarwal
Keywords
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- EP ID EP412920
- DOI 10.9790/487X-2009065761.
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