Seshaiah, S.V.; Behera, C. - In: Applied Econometrics and International Development 9 (2009) 1
This paper analyzes empirically whether the exchange rates and crude oil prices have explanatory power over Indian … exchange rates for the period 2nd January 1991 – 12th ,December 2007. Engel granger and cointegration tests, VECM and variance … that stock price indexes are cointegrated with crude oil prices and exchange rates by providing direct long run equilibrium …