BOOK RELEASE-EXCHANGE RATE IN INDIA:1823-2023

 

BOOK RELEASE

EXCHANGE RATE IN INDIA:1823-2023

AUTHOR-DR.DEBESH BHOWMIK

Exchange Rate in India; 1823-2023”-by Dr.Debesh Bhowmik

Kunal Books,New Delhi,2025,vi+267 pages, Rs.1195/-($25 only).4648/21,First Floor,Ansari Road, Daryaganj,ND-110002.kunalbooks@gmail.com,9868071411.

 

Prof. Datuk Dr. Hjh. Bibi Florina Abdullah, Pro Chancellor, and Prof. Dr. Sandeep Poddar, Deputy Vice Chancellor (Research & Innovation), Lincoln University College, Malaysia released the book on 4th September 2025 entitled, “Exchange Rate in India; 1823-2023” written by Prof. Dr. Debesh Bhowmik, Research Professor, School of Business and Management, Lincoln University College, published by Kunal books, New Delhi, India, (ISBN 9789363894495). Foreword message for the book has been written by Associate Prof. Dr. Gonzalo Perez-Seoane, Centro Universitario Villlanueva, Madrid, Spain.  

The book comprises 12 chapters. First chapter provides an introduction where theoretical basis of exchange rate in India was discussed. Chapter, two, three and four dealt with review of literature survey in ancient period, in colonial period and in post-colonial or independent periods respectively where innumerable new thoughts and realities about Indian exchange rates were incorporated. Chapter five concentrated on methodology and sources of data were included in which cointegration, Auto Regressive Distributed Lag model, Non-linear Auto Regressive Lag model and Quantile regression were used for analysis. The cyclical behaviours of Rupee/Dollar rate, Pound/Dollar rate, Gold/silver rate were shown in details. The rest chapters were concentrated on the cointegration and Quantile Regression and ARDL models were fitted to relate Rupee/dollar rate, export, import, inflation rate, GDP per capita, GDP, Balance of trade, pound/dollar rate and gold/silver rate respectively during 1823-2023. Finally, NARDL model was introduced the non-linear relationships among those variables where asymmetric impacts were analysed as new analysis in exchange rate theories in India during last two hundred years.

The book included huge references for clarifications and added many bibliographies for future studies on Indian exchange rate dynamics.

The students, teachers and researchers on exchange rate in India will be immensely benefitted especially for econometric analysis.

The cover of the book is impressive. The price of the book is not so high for readers.