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This article examines interlinkages between four major exchange rates, namely, USD–INR, EUR–INR, GBP–INR and JPY–INR in terms of returns and volatility spillovers using a vector autoregressive-multivariate GARCH–BEKK framework. In addition, we analyse the impact of RBI intervention on the ret...
Answer and Explanation:1 The government of India is keen on the SEBI for regulating the money market and not the RBI. This is because it will lead to an increase in... Learn more about this topic: Financial Markets: Types & Characteristics ...