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Abstract
The present study investigates the influence of crude oil price on select macroeconomic variables over the period April 2009- March 2019 using monthly data. Essential data are collected from secondary sources. The main objective of this paper is to explore the effect of crude oil price on select macroeconomic fundamentals such as inflation rate, Nifty-Fifty and Forex rate. Linear regression technique is engaged for this purpose. The regression model summary provides a very low combined influence of independent variables on the dependent variables. From the results, it is clear that variation in crude oil price is reflected in two selected macroeconomic factors. Inflation rate and Nifty-Fifty index have received low degree of positive influence from crude oil price. Further, the coefficient of all the variables except exchange rate is statistically significant. This lead to the conclusion that, crude oil price have impact on inflation rate and Nifty-Fifty and it does not influence the Foreign exchange rate.