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 efficacy of intervention in a chaotic foreign exchange market: an empirical study in INR-USD exchange rate series The traditional method of containing forex volatility is by proper controlling of domestic interest rate and foreign exchange reserves. Such instruments, h... C Sen,G Chakrabarti -...