The impact of exchange rate fluctuation on NIFTY 50 with special reference to Dollar, Euro and British Pound
Keywords:
Exchange Rate, Dollar, British Pound, Euro and NIFTYAbstract
The study analyze the relationship between exchange rate fluctuation and the performance of NIFTY 50. Daily average closing prices o f Dollar, British Pound Euro and NIFTY 50 are taken for the study .Period of the study is 30 days from 1august 2018 to 14 September 2018. Statistical tools like ANOVA and correlation are used for analyzing the relationship between exchange rates and NIFTY 50. From the data analysis the results indicates there is no relationship between exchange rates and NIFTY 50 and there is a significant relationship between Dollar, British Pound and Euro each other.
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