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ArticlePeer ReviewedOpen AccessPlagiarism Passed
Paper ID:IJSREM34132

Analysing the Impact of Currency Baskets on Exchange Rate Stability in India

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-

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Paper ID:

IJSREM34132

Volume:

8 |

5 |

May 2024

Pages:

Publication Frequency:

Monthly (12 issues per year)

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License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.

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Authors

SP

Srividya Prakhya

DPG

Dr. Preeti Garg

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Abstract

This research paper investigates the impact of currency baskets on the exchange rate stability in India. Amidst the global economic instability, understanding the effectiveness of currency basket strategies is crucial for emerging economies. Through the empirical analysis, we explore how India’s diverse economic landscape interacts with currency baskets to influence exchange rate dynamics. This study aims to contribute insights into the role of currency baskets in mitigating exchange rate volatility – informing policy strategies for sustainable economic growth. Findings hold implications for policymakers, economists and market participants – offering guidance in navigating the complexities of exchange rate management in an interconnected global financial environment. Key Terms: currency basket, exchange rate stability, correlation analysis

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Cite This Article

Srividya Prakhya, Dr. Preeti Garg, "Analysing the Impact of Currency Baskets on Exchange Rate Stability in India," International Journal of Scientific Research in Engineering and Management, vol. 8, no. 5, May 2024.

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12/31/45427

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