A study on impact of exchange rate fluctuations on share prices: with special reference to the selected it companies in india

This paper examines the relationship between the exchange rates and the share prices. Unit Root Test is applied to test the stationarity of the data series. The cointegration test is used for analysing the long run relationship between the exchange rates and share prices of the selected IT Companies. The share price of Mindtree Ltd and Mphasis Ltd has cointegration with the exchange rate fluctuations. The share price of other companies has no long run relation with the exchange rates.