Effect of Exchange Rate on the Market Capitalization Segments of Indian Stock Market
DOI:
https://doi.org/10.70135/seejph.vi.3735Abstract
The present article attempts to examine the effect of Exchange Rate on the market capitalization segments of the Indian stock market. The monthly data is observed from the period of April 2012 to March 2022 and employed Correlogram, Johansen’s Cointegration, and Granger Causality tests on Exchange Rate and Indian stock market’s market capitalization segments (BSE LargeCap, BSE MidCap, & BSE SmallCap indices). It reveals that the Exchange Rate has a long-run relationship with the BSE LargeCap and BSE MidCap indices segments of market capitalization of Indian stock market.
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