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E-ISSN 2348-1269, P- ISSN 2349-5138 | ESTD Year: 2014

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  Paper Title  

A STUDY ON THE IMPACT OF RUPEE VALUE DEPRECIATION ON FOREIGN TOURIST ARRIVALS TO INDIA

  Authors

  Preetha L,  Gopika V,  Sonali Beesabathuni,  Dr. Raghunandan G

  Keywords

Indian rupee depreciation, Inbound tourism, Exchange rate, Foreign Tourist Arrivals.

  Abstract


Before 1875, gold standard was used by countries around the world for trade and commerce. After 1944, countries followed a fixed exchange rate regime and due to the inherent drawbacks of this system, flexible exchange rate system was adopted from 1973. Under this system all the currencies are pegged to the US dollar. Since then, the value of Indian rupee has been fluctuating. It has increased to an all-time high of 70.94 rupees per USD in January 2019 from 22.74 in 1991. This study tries to establish a relationship between depreciation of rupee value and the Foreign Tourist Arrivals to India. It also studies the causes of decline in the rupee value against dollar. It also highlights the major milestones in the development of tourism industry in India. The yearly time-series data from 2000 to 2017 has been used for analysis. It was found that exchange rate fluctuations of rupee have little impact on Foreign Tourist Arrivals but using Engle-Granger test it was found that these variables are highly cointegrated in the long run.

  Cite this article

  Preetha L,  Gopika V,  Sonali Beesabathuni,  Dr. Raghunandan G,   "A STUDY ON THE IMPACT OF RUPEE VALUE DEPRECIATION ON FOREIGN TOURIST ARRIVALS TO INDIA", IJRAR - International Journal of Research and Analytical Reviews (IJRAR), E-ISSN 2348-1269, P- ISSN 2349-5138, Volume.6, Issue 1, Page No pp.515-521, March 2019, Available at : http://www.ijrar.org/IJRAR19J2972.pdf  

  IJRAR's Publication Details

  Unique Identification Number - IJRAR19J2972

  Paper ID - 198631

  Page Number(s) - 515-521

  Pubished in - Volume 6 | Issue 1 | March 2019

  DOI (Digital Object Identifier) -   

  Publisher Name - IJRAR | www.ijrar.org | E-ISSN 2348-1269, P- ISSN 2349-5138

  E-ISSN 2348-1269, P- ISSN 2349-5138

  Cite this article

  Preetha L,  Gopika V,  Sonali Beesabathuni,  Dr. Raghunandan G,   "A STUDY ON THE IMPACT OF RUPEE VALUE DEPRECIATION ON FOREIGN TOURIST ARRIVALS TO INDIA", IJRAR - International Journal of Research and Analytical Reviews (IJRAR), E-ISSN 2348-1269, P- ISSN 2349-5138, Volume.6, Issue 1, Page No pp.515-521, March 2019, Available at : http://www.ijrar.org/IJRAR19J2972.pdf

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The IJRAR - International Journal of Research and Analytical Reviews (IJRAR) aims to explore advances in research pertaining to applied, theoretical and experimental Technological studies. The goal is to promote scientific information interchange between researchers, developers, engineers, students, and practitioners working in and around the world.


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