Objective of this paper is to search for a univariate forecasting model that can provide the most accurate forecasts of monthly exchange rates of Indian rupee over the period 1994m8 to 2014m4. Random walk model is used as the benchmark model. Using Box-Jenkins methodology, ARIMA structures of...

This paper examines the relative role of structural and monetary factors in the variation of inflation in India over the period 1996–1997: Q1 to 2013–2014: Q4. The paper finds that both the monetary factors and the output gap has significant role. The role of the output gap in inflation is...

This paper examines the role of monetary factors in the variation of nominal interest rates in India for the deregulated regime of interest rates and the exchange rates. Empirical analysis involves quarterly time series dataset including interest rates on 91-day, 364-day treasury bills (TBs),...