Home » Capital Market Returns, Utility Price, and Exchange Rate Movements by Sinha Avik
Capital Market Returns, Utility Price, and Exchange Rate Movements Sinha Avik

Capital Market Returns, Utility Price, and Exchange Rate Movements

Sinha Avik

Published July 2nd 2015
ISBN : 9783639766578
Paperback
56 pages
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 About the Book 

It was 2008, when the world was hit by credit crisis, and India saw the emergence of energy trading. As the Indian manufacturing sector was largely depending on the fossil fuel based energy, it became imperative for the government to introduce such aMoreIt was 2008, when the world was hit by credit crisis, and India saw the emergence of energy trading. As the Indian manufacturing sector was largely depending on the fossil fuel based energy, it became imperative for the government to introduce such a measure, which can ensure the smooth running of the manufacturing sector and at the same time can reduce the burden of trade deficit, which was majorly owing to the importing of crude oil. Indian Energy Exchange was largely the result of that initiative. However, its introduction affected the manufacturing sector and the capital market quite significantly. Following this trail, trading of other utility products via Multi Commodity Exchange also gained pace. This has not only affected the sectoral growth, but also affected the exchange rates, by curbing down the crude oil import. Purpose of this book is to carry out an empirical investigation on the causal impacts of this policy level innovation on the Indian capital market, following a disintegrated approach.