Manuscript Title:

Impact of Covid -19 on Indian Currency Exchange Volatility

Author:

Dr. A . Eronimus, Dr. T. Rajeswari

DOI Number:

DOI:10.17605/OSF.IO/3UVSY

Published : 2021-04-10

About the author(s)

1. Dr. A . Eronimus - Assistant professor, Department of Financial Administration, Central University of Punjab, Bathinda.
2. Dr. T. Rajeswari - Assistant professor, Department of Financial Administration, Central University of Punjab, Bathinda.

Full Text : PDF

Abstract

Entire economies of the world are meeting hit and risk as the market going downstream duo To the spread of world pandemic coronavirus. Due to this, all economic factors like GDP, Stock market, Price inflation, employment and currency exchange value have been affected Seriously. This study tries to find out the daily exchange rate volatility of Indian currency During the period of pre and post COVID 19 crisis in India. Indian Currency exchange value From 1st January 2020 to 28 th March 2020 to 30th February 2020 collected for pre COVID 19 crisis and from 1 April 2020 collected for Post COVID 19 crisis currency exchange rate: It Was found that the daily exchange rate of Indian currency with US Dollar, Euro and Japanese Yen are highly volatile during the period of Post COVID-19 compare to post COVID-19 period. But, Indian Rupee value against Pound Sterling is not affected seriously By the Coronavirus disease (COVID-19), it was highly volatile only on the day of announcing Lockdown by the Government


Keywords

Covid-19, Currency exchange, Indian Rupee, US Dollar, Pound