Analysis of Macroeconomic Determina

Analysis of Macroeconomic Determinants of Exchange Rate Volatility in India

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.

Results (Indonesian) 2:

Analisis Makroekonomi Penentu Nilai Tukar Volatilitas di India The Foreign Exchange Market di India telah mengalami perubahan besar selama dekade terakhir. Sangat penting oleh volatilitas yang berlebihan Rupee India menyebabkan depresiasi terhadap mata uang utama mendominasi di pasar internasional. Penelitian ini telah dilakukan untuk menyelidiki berbagai variabel ekonomi makro yang mengarah ke variasi akut dalam nilai tukar mata uang. Sebuah usaha telah dilakukan untuk meninjau kemungkinan alasan untuk depresiasi Rupee dan menganalisis faktor-faktor penentu ekonomi makro yang berbeda yang berdampak pada volatilitas nilai tukar dan tingkat mereka korelasi dengan yang sama.