An Empirical Study with Panel Data: The Impact of Forex Rates, Brent Crude Oil and Gold Prices on the Indian Stock Indices
摘要
This paper examines the relationship between official Indian Forex rates, Brent oil crude oil and Gold prices on stock market indices during the study period from F.Y 2013–2014 to 2023–2024. The data have been analysed by using Unit root test to know the stationary, multiple breakpoint, Unit root break point test and multiple regression is applied with the help of EViews 12SV. It is found that Euro as well as JPY is having negative impact on BSE. Euro, USD as well as Gold rate are having negative impact on Nifty 50. Hence it is concluded that study variables that official Indian Forex Values, Gold and Brent Crude Oil were having impact on BSE and NIFTY 50.