• Ayush Agarwal
• Prof Neena Batra

The analysis unveil that there has been a significant increase in exchange rate volatility soon after the global financial crisis. This demonstrates a larger impact of fluctuations in capital flows on exchange rate movements. An imperative characteristic of the policy feedback in India towards various incidents of volatility has been the market intervention along with monetary and reliable measures to meet the threats to financial stability. The results from various empirical tests utilized in the study confirms 1) the clustering of volatility prevailing in India’s foreign exchange, 2) the long run relationship existing between Return, Net RBI Intervention, Net FII Inflow and Interest Rate Differential and 3) an effective RBI intervention in Indian foreign exchange market during the study period.

India US Exchange Rate, Volatility, Reserve Bank of India, Intervention, Foreign Institutional Investment, Interest Rate Differential. X-Rates, forex.

"The Role of RBI to Manage Exchange Rate Volatility", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.9, Issue 9, page no.a359-a369, September-2022, Available :http://www.jetir.org/papers/JETIR2209034.pdf

"The Role of RBI to Manage Exchange Rate Volatility", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.9, Issue 9, page no. ppa359-a369, September-2022, Available at : http://www.jetir.org/papers/JETIR2209034.pdf