Presentation IIML

7/23/2019 Presentation IIML

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Presentation on Ph.D Research WorkSubmitted to

Noida International University,Gautam Budh Naar, U.P.!n the "o#ic$

% S"UD&!N

"'( I)P%*" !+ +!R(IGN INS"I"U"I!N%IN-(S"!RS +II/s0 !N RUP(( 1D!%R

(2*'%NG( R%"(Guided By$Dr. Devendra Nath Tiwari

Assistant Professor

Noida International University,

Plot No. 1, Sector 17-A, Yamuna Expressway,

Opp. Formula 1 Track, Gautam Budh Nagar, .P.

*o Guided by$

Dr. "anushree Sharma

Assistant Professor

NIILM- Centre for Management StudiesPlot No. 53, no!ledge Par"-#

Post $%&e uleshra Near Sura'(ur

Greater Noida -)*+3*

Submitted By:

Sashi Sidana

Ph.D !"inan#e$ %esear#h S#holar

Noida International University,

Plot No. +, Se&tor +-A, amuna /0(ress!a1,

$((. 2ormula + ra&", !autam "u#$ Na%ar, 4.P.


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Recommendations in RD* 14

It !as re&ommended in the Last 6C dated +5th 7an8+3 toamend the esear&h o(i&.

/arlier esear&h o(i& !as 9:Im(a&t of Agri&ulturalCommodit1 6eri;ati;es on Sto&" Pri&e of Commodit1:!or"ing under the su(er;ision of 2ormer Guide 6r. 6. P.Singh Sir.

Considering the suggestions during last 6C, the "'( I)P%*" !+ +!R(IGNINS"I"U"I!N% IN-(S"!RS +II/s0 !N RUP(( 1D!%R(2*'%NG( R%"(5 !or"ing under the su(er;ision of m1Guide 6r. 6. N i!ari Sir.


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"o#ics *overed $

Introduction

Research !b6ectives

iterature Revie7'y#othesis

Research )ethodoloy 8 "ools

"entative *ha#terisation

International 9ournal Pa#erPublication0

Re:erences

Webliora#hy


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Introduction

Into our esear&h, !e !ill tr1 to stud1 the &on&erns of a &ountr1fa&ing de(re&iating &urren&1, the fa&tors that led to thisde(re&iation and the measures go;ernment &an ta"e to sta?ili=ethe situation.Most im(ortantl1 !e !ill see if glo?al e&onomi& un&ertaint1

rides o;er all the other domesti& fa&tors to determine strength ofa &urren&1 es(e&iall1 in de;elo(ing e&onomies.he 2oreign /0&hange Mar"et in India has undergone su?stantial&hanges o;er last 6e&ade. It is im(erati;e ?1 the e0&essi;e;olatilit1 of Indian u(ee &ausing its de(re&iation against ma'ordominating &urren&ies in international mar"et.

his resear&h has ?een &arried out in order to in;estigate;arious ma&roe&onomi& ;aria?les leading to a&ute ;ariations inthe e0&hange rate of a &urren&1. An attem(t has ?een made tore;ie! the (ro?a?le reasons for the de(re&iation of the u(eeand anal1=e di@erent ma&roe&onomi& determinants that ha;eim(a&t on the ;olatilit1 of e0&hange rate and their e0tent of

&orrelation !ith the same


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Relation bet7een +II/s 8 Ru#ee ;Dollar (


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De#reciatin currency not :avorable to the+II/s$

Considering a sim(le h1(otheti&al e0am(le. I in;ested + 4S6 inIndia at an e0&hange rate of + 4S6 s. D*. If ru(ee a((re&iatesthe e0&hange rates ?e&ome + 4S6 s. )*. No! if I disin;est I get) dollars, !hereas I in;ested onl1 + 4S6 there?1 a gain of + 4S6.

hough in real terms the (ur&hasing (o!er of m1 dollar mightde&rease as m1 im(ort &ost !ould in&rease, and &ost of li;ing ?a&"home ma1 in&rease, ?ut !hen I do &onsider (ra&ti&al e0am(lesthere is al!a1s a gain for 2II !hene;er the &urren&1 of the &ountr1in;ested in a((re&iates !.r.t the home &urren&1

Similarl1 !hen ru(ee de(re&iates !.r.t 4S 6ollar and e0&hange rate?e&omes + 4S6 s. E* I get onl1 *.5 6ollar and I lose *.5 of the +4S6 in;ested.

hus !e o?ser;e that for the 2II8s to gain in;esting in India theru(ee should a((re&iate !.r.t the dollar.

=Recently the ru#ee has de#reciated 7ith res#ect to the

dollar due to +II sellin, and due to the sellin it has beende#reciatin even :urther.


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!b6ectives o: the study

+.It (ro;ides ;alua?le insights into im(a&t of &hanges in&urren&1

relations on ;arious se&tors of e&onom1 .

).o demonstrate the relationshi( ?et!een the 2II8s andu(ee 6ollar.

3. o stud1 the &o integration ?et!een 2II8s and u(eedollar e0&hange rate.

D.o "no! the intensit1 of relationshi( ?et!een 2II8s onu(ee 6ollar.


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iterature Revie7

"here have been many studies in the euctuationsand relation bet7een macro economic :actors and Ru#eeDe#reciation.Summar1 of some nota?le studies is as follo!s.

Ba"aert and ar;e1 )*** found a (ositi;e relationshi( ?et!een (ortfolioHo!s and the gro!th rate of an e&onom1. he1 also found that a&ross arange of s(e&i


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iterature Revie7

S!eene1 +JJJ in;estigated the inter;ention of the 2ed in the foreigne0&hange mar"et in 4SA. e argued that &entral ?an"s ha;e goals ?e1ond(ro


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'y#othesis

Null hy#othesis '?0 - here is no &ointegration ?et!een 2ore0 and 2oreignInstitutional in;estors 2II.

%lternate hy#othesis '40 - here is at least

one &o integrating ;e&tor ?et!een 2ore0 and2oreign Institutional in;estors 2II.


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Research )ethodoloy 8 "ools

"ime Period$"ime :rame o: data is monthly taken :rom %#ril/ ?@ 14A.

Inde(endent ;aria?les are 2oreign Institutional in;estors 2II, CurrentA&&ount 6e


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"(N"%"I-( *'%P"(RIS%"I!N

4. Introduction Into our esear&h, !e !ill tr1 to stud1 the &on&erns of a &ountr1 fa&ing

de(re&iating &urren&1, the fa&tors that led to this de(re&iation and the measures go;ernment &anta"e to sta?ili=e the situation. An attem(t has ?een made to re;ie! the (ro?a?le reasons for thede(re&iation of the u(ee and anal1=e di@erent ma&roe&onomi& determinants that ha;e im(a&ton the ;olatilit1 of e0&hange rate and their e0tent of &orrelation !ith the same.

A. Research !b6ectives$ o stud1 the &o integration ?et!een sele&ted fa&tors 2II8s, InHation andCurrent A&&ount 6e


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International 9ournal Pa#er Publication0

%ttended a *on:erence on rd International *on:erence *%SSR0 inBankok, "hailand on Fth8 @th9une/4

Presented a #a#er on I)P%*" !+ +II/s !N D(PR(*I%"I!N !+ RUP((1%N ()PIRI*% %N%&SIS5 and Published in International 9ournal


14/16

R(+R(N*(S

S!eene1 7 i&hard +JJ, ashington 4SA, >6o &entral ?an"s lose on foreign-e0&hange

6a;id, /. P., Steil, B. )**D. >Institutional In;estors:, Cam?ridge Mass MI Press, Pages ))5-)5.

Ba0ter, M. and A.C. Sto&"man. +JEJ. Business C1&les and the /0&hange ate egime Some International/;iden&e. 7ournal of Monetar1 /&onomi&s )3, 3-D**, htt(OOd0.doi.orgO+*.+*+O*3*D-3J3)EJJ**3J-+

2root, enneth A., Paul G. 7. $8Connell, and Mar" S. Seasholes. )**+. >he Portfolio 2lo!s of InternationalIn;estors.:&ournal o' F(nanc(al Econom(&s 5J + +5+9J3.

Gordon, 7ames, and Poonam Gu(ta. )**3. >Portfolio 2lo!s into India 6o 6omesti& 2undamentalsMatter:IM2 or"ing Pa(er No. *3O)*, 7anuar1.

e1nes, 7ohn Ma1nard. +J3. T$e !eneral T$eory o' Employment, )nterest, an# *oney. Ne! or" ar&ourtBra&e 7o;ano;i&h.

ohli, enu. )**3. >Ca(ital 2lo!s and 6omesti& 2inan&ial Se&tor in India.: Econom(c an# Pol(t(cal +eekly,

)) 2e?ruar19)E 2e?ruar1, +9E.

Mu"her'ee, Paramita, Su&hismita Bose and 6i(an"ar Coondoo. )**). >2oreign Institutional In;estment inthe Indian /uit1 Mar"et An Anal1sis of 6ail1 2lo!s during 7anuar1 +JJJ9Ma1 )**).: *oney an# F(nance )J9+* 5D9E3.

o1, Nirmal. )**. >An Anal1sis of 2oreign Portfolio 2lo!s in the Conte0t of Ca(ital A&&ount Con;erti?ilit1 inIndia.: Cha(ter from the MPhil dissertation on >An Anal1sis of 2oreign Portfolio 2lo!s in the Conte0t of

Ca(ital A&&ount Con;erti?ilit1 in India:, Centre for 6e;elo(ment Studies C6S, ri;andrum.
http://dx.doi.org/10.1016/0304-3932(89)90039-1http://dx.doi.org/10.1016/0304-3932(89)90039-1


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Webliora#hy 8Re:erredBooks

Webliora#hy

htt(OOindiami&ro


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