Main Article Content
Abstract
The currency fluctuations will have the significant impact on the prices various products and services across the globe. The present study has been focused on the exchange rate change effect on the listed oil exploration stock returns. The study has considered the secondary data from the period of 2009-10 to 2018-19 years. The study has considered the Reliance and the ONGC stocks. The study examined the relationship of exchange rates with the stocks returns with the help of Vector Error Correction Model and the result stated that the long run relationship exists between them. The Ordinary least square method applied to know the impact of exchange rate impact on the stock market oil shares returns and found that reliance stock returns significantly affected but ONGC stock price returns observed to be insignificant. This paper is useful to the equity market investors, HNI, Fund Managers, various govt. stake holders and academicians.