Oil is one of the most important forms of energy and is a significant determinant of global economic performance. Commodities like oil are fairly homogeneous and internationally traded. The impact of dollar nominated oil prices on stock prices may not be quite relevant for Indian context. In this context, the study of crude oil prices in dollar terms along with the exchange rate would be more meaningful to understand the impact of oil prices on stock market.

The study investigates the dynamic relationships between oil price, exchange rate and Indian stock market during to The Granger causality test also reveals that the volatility of stock prices in India can be explained to cause the movement of oil price and exchange rate in short run.

The observed relationship between oil price and stock indices is not due to the effect of the exchange rate fluctuations, because the change in exchange rate has no significant impact on oil prices or stock prices in India during the study period.

The variance decomposition analysis reveals that the Indian stock prices are strongly exogenous in the sense that the crude oil price or exchange rate explains only a very small portion of the forecast variance error of the market index. Finally, from the impulse response functions analysis it is noticed that a positive shock in one variable have a persistent and prolonged effect on other variables. Crude oil price; exchange rate; stock market; cointegration; granger causality test.

Dynamic Linkages and Volatility Spillover: Effects of Oil Prices on Exchange - Bhaskar Bagchi, Dhrubaranjan Dandapat, Susmita Chatterjee - Google Livres

Sahu, Tarak Nath and Bandopadyay, Kalpataru and Mondal, Debasish, Crude Oil Price, Exchange Rate and Emerging Stock Market: Evidence from India January 1, Subscribe to this fee journal for more curated articles on oil prices exchange rates and emerging stock markets topic.

Macroeconomic Issues in Developing Economies eJournal. The Effect of How to buy cash packs gta online Oil Prices on Inflation and Interest Rates in India: Evidence from DCC-GARCH Model.

By Akash Malhotra and Oldest stock still traded Krishna. How Does Stock Market Volatility React to Oil Shocks?

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Tarak Nath Sahu Vidyasagar University - Department of Commerce with Farm Management Kalpataru Bandopadyay Vidyasagar University Debasish Mondal Independent. Abstract Oil is one of the most important forms of energy and is a significant determinant of global economic performance.

Tarak Nath Sahu Contact Author Vidyasagar University - Department of Commerce with Farm Management email Vidyasagar University Midnapur, West Bengal India. Kalpataru Bandopadhyay Vidyasagar University email Vidyasagar University Midnapur, West Bengal India.

Debasish Mondal Independent email No Address Available.

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