International Journals
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Item A Study on the Exchange Rate Dynamics and Its Impact on Stock Market Volatility with reference to Nifty(Asian Journal of Research in Social Sciences and Humanities, 2019-04) P. B., Saranya; R. K, SudhamathiThe stock market indices are perceived to be the barometers of the country’s capital markets and they are also used as a tool to understand the market movements. The volatility in the stock markets depends upon several factors such as new information arrival, macro-economic variables, global financial indicators, etc. The exchange rate fluctuations influences the stock markets. Understanding and predicting the exchange rate fluctuations helps us in predicting the movements of the stock markets and assist investors to make wise investment decisions. The study examines the exchange rate dynamics of Indian Rupees against US Dollars and its impact on the stock market index. The exchange rates and the Nifty 50 index values over period of 3 year ranging from October 2015 to September 2018 has been analysed. The INR against USD breached above Rs. 70 per USD in August, 2018 and currently at Rs. 72 per USD. The exchange rates of other countries also depreciated against USD. The study also examines the exchange rate dynamics of CNY, JPY and INR against USD since April, 2018.Item A Study on the Relationship between the Volatility Index and the Equity(Asian Journal of Research in Banking and Finance, 2018-11) P. B., Saranya; R. K., SudhamathiThe study examines the asymmetric and inter temporal relationship between India Volatility Index and select equity index returns. The empirical evidences in the study reveals that there prevails an asymmetric relationship among India VIX and select equity index and at the same time the magnitude of asymmetry is not identical. The study also reveals that the current values of change in volatility and stock returns are negatively correlated, and past and current stock returns are positively associated with the future stock market volatility.Item On the Asymmetric relationship between India VIX and select Equity Index Returns(Asian Journal of Research in Business Economics and Management, 2018-11) P. B., Saranya; R. K., SudhamathiThe study examines the asymmetric and inter temporal relationship between India Volatility Index and select equity index returns. The empirical evidences in the study reveals that there prevails an asymmetric relationship among India VIX and select equity index and at the same time the magnitude of asymmetry is not identical. The study also reveals that the current values of change in volatility and stock returns are negatively correlated, and past and current stock returns are positively associated with the future stock market volatility.