• Dr. K. Krishna Kumar
• Mr. Vishweshwar Mensumane

A cryptocurrency is a digital asset which is gaining high impetus, as it serves as a medium of exchange designed through cryptography destined for a secured transaction and control the creation of additional units. Many national and international traders have started accepting crypto currencies since its prices are not managed or influenced by governments, rather the demand and supply determine it. Bitcoin is one of the popular crypto currencies available in the market. Now Bitcoins are not mere currencies, market participants are using it for investing, therefore, understanding the Bitcoin’s is vital from the investor perspective. This paper attempts to understand the relationship between the returns of major currencies traded in India and the Bitcoin. The focus of the study is to quantify the volatility of the major exchange rates and its impact on the volatility in the Bitcoins. Data will be collected from the RBI and other reliable secondary sources. The tools used for the analysis will be Stationarity tests, Auto regressive conditional heteroskedasticity and Granger causality. The model developed would enable investors take informed decisions and the policy makers to regulate and guide them for the measures on crypto currencies.

Foreign exchange rate, volatility, Crypto currency, Econometric model JEL Classification: B23, C32, G17

"ANALYSIS OF VOLATILITY AMONG THE FOREIGN EXCHANGE RATES AND CRYPTOCURRENCIES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 12, page no.550-560, December-2018, Available :http://www.jetir.org/papers/JETIR1812583.pdf

"ANALYSIS OF VOLATILITY AMONG THE FOREIGN EXCHANGE RATES AND CRYPTOCURRENCIES", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 12, page no. pp550-560, December-2018, Available at : http://www.jetir.org/papers/JETIR1812583.pdf