ISSN: 2349-5162

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Published in:

Volume 5 Issue 3
March-2018
eISSN: 2349-5162

Unique Identifier

JETIR1803003

Page Number

14-18

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Title

Impact of crude oil prices on the exchange rate of Indian rupees against USD

ISSN

2349-5162

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"Impact of crude oil prices on the exchange rate of Indian rupees against USD", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 3, page no.14-18, March-2018, Available :http://www.jetir.org/papers/JETIR1803003.pdf

Abstract

India imports 80 per cent of its crude oil to meet its growing energy requirements. This significantly affects the economy as crude oil prices directly affect the inflation rate of India as well as the overall GDP. Crude oil prices also significantly affect the current account balance, which means that as the price of crude oil increases, the current account deficit increases simultaneously. The exchange rates are also affected by inflation and current account balance of a country. This paper is an empirical study between the impact oil prices on exchange rate of Indian rupees against US dollars. In this paper, I study the direct impact of crude oil prices on the exchange rate without taking into account the other factors and analyse whether a statistical model can be derived to accurately predict the exchange rates using the crude oil prices.

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"Impact of crude oil prices on the exchange rate of Indian rupees against USD", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 3, page no. pp14-18, March-2018, Available at : http://www.jetir.org/papers/JETIR1803003.pdf

Publication Details

Published Paper ID: JETIR1803003
Registration ID: 180519
Published In: Volume 5 | Issue 3 | Year March-2018
DOI (Digital Object Identifier):
Page No: 14-18
ISSN Number: 2349-5162

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Cite This Article

"Impact of crude oil prices on the exchange rate of Indian rupees against USD", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 3, page no. pp14-18, March-2018, Available at : http://www.jetir.org/papers/JETIR1803003.pdf




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