Asymmetric Sectoral Impact of Exchange Rate Movements in India: Evidence from the IT Services Sector and Fuel-Intensive Industries
Exchange rate fluctuations are often treated as a uniform macroeconomic shock, however their real effects depend on how a sector’s revenues and costs are exposed to a foreign currency. This study investigates the asymmetric sectoral impact of USD/INR exchange rate movements in India over the period of FY2014-15 to FY20...