论文标题
取消货币化对印度高地货币对印度股票市场的影响及其与汇率的关系
Effect of Demonetisation of on Indian High Denomination Currencies on Indian Stock Market and its Relationship with Foreign Exchange Rate
论文作者
论文摘要
这项研究研究了外汇汇率（即美元对印度卢比（USD/INR））对印度股票高分货币贬值期间印度股票市场指数（Nifty 50）的影响。该研究考虑了每天的汇率回报率（USD/INR）和印度股市指数（Nifty 50）进行研究。虚拟变量用于衡量2016年11月/12月在2016年11月的货币化的影响。从2016年4月1日到2017年3月31日，研究期限限制为243天。该研究表明，印度股票市场上观察到的上升趋势，印度货币随着外国汇率的降低而得到了加强（USD/INR）。
This study examines the impact of the foreign exchange rate, i.e., US Dollar to Indian Rupee (USD/INR) on the Indian Stock Market Index (Nifty 50) during the demonetization of high denomination Indian currencies. A daily rate of return of Foreign exchange rate (USD/INR) and the Indian Stock Market Index (Nifty 50) were considered for the study. The Dummy variable was used to measure the effect of demonetization during Nov/Dec 2016. The period of study was restricted to 243 days from 1st April 2016 to 31st March 2017. The study reveals that there was an upward trend observed in the Indian Stock Market and the Indian currency was strengthened with the decrease in the Foreign exchange rate (USD/INR).
