Economics, Econometrics and Finance
4 years ago

Bank Rate and Inflation Rate Impact on Indian Rupee Volatility.

International Journal of Public Sector Performance Management
AN IMPACT OF BANK RATE AND INFLATION RATE ON VOLATILITY OF FOREIGN EXCHANGE RATE IN INDIA
Fatemabibi Abubaker Salehbhai, Purnima Pradipkumar Jariwala

Paper Summary

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The impact of bank rate and inflation rate on the volatility of foreign exchange rate in India was studied using data from 2009-2010 to 2017-2018. The researchers found that the relationship between bank rate and USD/INR is positive, while the association between inflation rate and foreign exchange rate is highly negative. Both factors have a significant effect on USD/INR, indicating the need for efficient monetary policy to stabilize the rates and improve the value of Indian Rupees.