Abstract: The foreign exchange market is an important element of the financial market of any country. It is the market where exchange rates are determined. An exchange rate regime is the way at which one currency may be converted into another currency. Exchange rate mechanism can be classified as fixed exchange rate and floating exchange rate. In fixed exchange rate the value of currency is determined and controlled by the Government and central banks, whereas, in floating exchange rate the value of currency is determined by the market and in which government and central banks do not interfere. The study examined the trends in exchange rate of Indian Rupee as against Euro in pre-recession period as well as in post- recession period. The trend analysis revealed that the value of rupee as against Euro depreciated during the period 2001-02 to 2016-17. The trends in exchange rate of Indian Rupee as against Euro in the pre- recession period and the post- recession period were polynomial trends which showed that there were fluctuations in the exchange rate during the period.
Keywords: Exchange Rate, Indian Rupee, Euro, Growth Rate, Trends, Pre- Recession Period, Post- Recession Period.
Title: Trends in Exchange Rate of Indian Rupee as against Euro
Author: Mandeep Kaur, Dr. Navkiranjit Kaur Dhaliwal
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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