Dynamics of the Exchange Rate in IndiaRabia Najaf1* and Khakan Najaf2
- *Corresponding Author:
- Rabia Najaf
Department of Accounting and Finance
University of Lahore
Islamabad Campus, Pakistan
Tel: +92 (0)42 111-865-865
E-mail: [email protected]
Received Date: October 17, 2016; Accepted Date: December 20, 2016; Published Date: January 05, 2017
Citation: Najaf R, Najaf K (2017) Dynamics of the Exchange Rate in India. J Account Mark 6:207. doi:10.4172/2168-9601.1000207
Copyright: © 2017 Najaf R, et al. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.
Exchange rate is act as the main role in the integral part of the economic development. India is also facing this issue like other Asian countries impact of increase exchange rate on the growth of the economy. It is source of the external funds and act as the channel between risk and investment. In this research, we have taken the data from 1998 to 2008 and applied the ADF test, normality test and Jarqu e-Bera statistics test for taking the proper results about the impact of exchange rate on the development of India. Normality test explains the nature of the data. Our results are showing that increase exchange rate has negative impact on the stock exchange of India. Our suggested that Government should focus about the exchange rate policy.