Published Paper Details:

Forex reserves has emerged as an important component in encompassing issues on policy, management and transparency in developing countries. It consist an important role in the design macro policies as well. In countries with fixed or partially flexible exchange rates, the reserves are mainly used to maintain competitiveness of the tradable sectors. India has accumulated unprecedented foreign exchange reserves and synchronously has been experiencing a large depreciation in its INR vies USD in last decade. This trend prompted to undertake the present study, which tries to measure the impact of foreign exchange reserve (FOREX) on exchange rate. To explain the association of foreign exchange reserve with exchange rate study uses weekly time series data of all the variables from October 2016 to September 2019. The study found out there is an existence of relationship between foreign exchange reserves and exchange rates (USDINR, GBPINR, EURINR and INRJPY).