Coupling of Currencies: An INR and USD Perspective

  • Mayuree Barik Western Michigan University, USA
  • Aparna Rao Virginia Commonwealth University, Virginia
Keywords: Bivariate Granger Causality, Bretton Woods System, Currency Coupling, Currency Volatility, Demonetisation, Exchange Rates


This paper aims to explore the relationship between the Indian Rupees (INR) and USDollars (USD). It further tries to identify whether the volatility of exchange rates is affected by various events. Bivariate causality tests have been run on the exchange rates of INR and USD which have revealed a coupled relationship between them. Further, it was found that the magnitude of the impact on the volatility of exchange rates varies according to the nature of the event.


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How to Cite
Barik, M., & Rao, A. (2019). Coupling of Currencies: An INR and USD Perspective. Ushus Journal of Business Management, 18(3), 51-64.