Impact of macroeconomic indicators on commodity futures
by S. Kirithiga; S. Thiyagarajan; G. Naresh
International Journal of Business Innovation and Research (IJBIR), Vol. 18, No. 3, 2019

Abstract: Globalisation policy expanded a nation's trade beyond its boundaries leading to imports and exports of goods or services across countries. Large number of economies are frequently divulged to macroeconomic adjustment in response to the commodity price movements. Therefore, when commodities are traded across nations, the factors that affect increased their prices and with it the risk as well (Mahalakshmi et al., 2012b). To safeguard the commodity prices from the influence of the macroeconomic indicators that directly affect the price of the commodity market it has to imbibe the macroeconomic information. The commodity futures market serves as a benchmark for determining the commodity prices. Better pricing for commodities can be done only when the commodity market is efficient by transmitting information effectively. Indian commodity market was developed only after the introduction of nationwide exchanges in 2002. Thus, queries may arise on its efficiency regarding its reactions to macroeconomic variables. Hence this paper intends to examine the impact of macroeconomic variables on commodity futures in India.

Online publication date: Thu, 07-Mar-2019

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