A Study on Impact of Foreign Currency Fluctuations on Indian Stock Market with Reference to NIFTY at BMA Wealth Creators Ltd Bangalore

Abstract

Day by day we go over news like Rupees' esteem slides to 69. We see levels of Indian Rupee going up or tumbling down against US Dollar. Have you at any point wondered what happens when estimation of a money acknowledge or deteriorate? All things considered, in this time of globalization where a scarcest change in one perspective can influence the countries identified with that viewpoint, we can't neglect the regular variances of foreign currency fluctuation which puts an enormous effect on an economy of a country. The problem area deals the same. The effort has been made to find out the value of the currency, how foreign currency fluctuation influence stock prices of various organizations. This examination is to look at the time of effect of currency fluctuation on Indian securities exchange. In order to examine the impact and it has US dollar (USD) EURO, JYEN, POUNDS, and currency fluctuation against Indian rupee as independent factors and national stock index (NIFTY) as a dependent variable. The examination has been led for the time of five years from 2012 to 2017. Furthermore, carrying out regression analysis for the NSE indices with the different foreign currencies to find the co-relation and the impact of currency on the nifty due to which the nifty movement takes place. This investigation reasons that there is no impact of foreign currency fluctuation on NIFTY.