Research and Publications

Press Release RBI Working Paper Series No. 01 An Empirical Analysis of The Relationship Between Currency Futures And Exchange Rates Volatility In India @Somnath Sharma Abstract 1India moved away from pegged exchange rate to the Liberalized Exchange Rate Management System (LERMS) in 1992 and the market determined exchange rate regime in 1993 which is considered as an important structural change in the exchange rate market. With increased volatility in exchange rate