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GLOBAL ADVANCED RESEARCH JOURNAL OF MANAGEMENT AND BUSINESS STUDIES (GARJMBS) ISSN: 2315-5086

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December 2013 Vol. 2(12)

 

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Rajesh  S


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Global Advanced Research Journal of Management and Business Studies (GARJMBS) ISSN: 2315-5086

December 2013 Vol. 2(13), pp 559-566

Copyright © 2013 Global Advanced Research Journals

 

 

Full Length Research Paper

 

 

 

OLS Modeling for Indian Rupee Fluctuations against US Dollar

 

Krishna Murari1 and  Rajesh Sharma2

 

1Assistant Professor, FASC, MITS University, Lakshmangarh, Sikar, Rajasthan, India. Mob: 91-9983733735

2Assistant Professor, FASC, MITS University, Lakshmangarh, Sikar, Rajasthan, India.

Corresponding author email: kashan_pirzada@yahoo.com

 

Accepted 03 December 2013

 

Abstract

 

This study is an attempt to understand the dynamics of Indian Rupee fluctuations against US Dollar using yearly observations over the period of 13 years from 2001  to September  2013. In this paper, evolution of exchange rate mechanism from fixed to hybrid exchange rate system in context of India along with the journey of ` since independence has been explored. Further, an attempt has been made to identify the key variables that influence the Indian rupee fluctuations against US Dollar. Finally, Ordinary Least Square (OLS) modeling is done on the log computed variables to know the determinants of the rupee fluctuations against dollar.

 

Keywords: Exchange Rate, Mechanism, Appreciation, Depreciation, Rupee Fluctuation, OLS.