IMPACT OF PANDEMIC ON UNDERLYING COMMODITIES AND EXCHANGE RATE: AN INDIAN PERSPECTIVE
نویسندگان
چکیده
The COVID 19 global pandemic has impacted all the economies in a disruptive manner resulting precariousness and financial market volatility. Exchange rate pressure situation signifies underlying stress to policymakers. present state witness no upsurge dollar as against other currencies, vulnerability exchange is dependent majorly on foreign reserves, commodities exports etc. paper tries investigate macro economic consequences of corona virus variations ‘price Crude oil’, Gold’ ‘rate USD-INR’.
 literature subject mentioned this for more than decade, right from 2004 until 2020 different countries, thus investigation India focused study particularly relevant COVID-19. Co-integration Test was undertaken estimate long run relations variables. results reflect co-integration between three variables doesn’t exist. Granger Causality concludes unidirectional relation price crude oil with exchange. Also, Gold share relationship whereas gold currency USD-INR bidirectional relationship.
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ژورنال
عنوان ژورنال: Russian Law Journal
سال: 2023
ISSN: ['2309-8678', '2312-3605']
DOI: https://doi.org/10.52783/rlj.v11i8s.1357