INR-USD Forecast an innovative thought  (English, Paperback, Omkar Vinay Kshirsagar, Vinay Sudhakar Kshirsagar)

This book throws light on various factors/determinants that have a direct or indirect connection with the currency exchange rate. Additionally, factors such as interest rate, growth rate, and inflation have been explained in detail with appropriate examples and graphical representations, providing a clear picture of the whole scenario on how these factors influence the currency exchange, both positively and negatively. Through this book: ??? The data related to India and the US for the last 33 years has been analyzed and ascertained and the impact of seven important variables on the exchange rate has been elaborated. ??? New idea, approach and analytical method for evaluating and studying the impact of the several variables on exchange rate has been elaborated. ??? A mathematical and statistical model exhibiting relationship and correlation with the exchange rate has been explained. ??? Both the above models are tested on the past date and this gives over 80% dependencies. ??? Forecasting of exchange rates based on tested models, mathematically and statistically, has been done. ??? With non-quantifying variables, reasonable estimations can be made. ??? Help has been imparted on formulation of hedging strategy for exporters and importers. ??? Planning for long term/short term foreign loan/borrowing strategy is explained.