Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Articles Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Price Discovery of Currency Futures at NSE Subject The topic of the resource Currency futures; Foreign exchange market; NSE; Spot market Description An account of the resource The current study aimed to examine the causal relationship between the NSE currency future rates and currency spot rates in order to identify the price discovery mechanism at NSE market and its integration with foreign exchange market (spot market). To study the causal relationship between the said markets, we have considered daily closing rates for NSE currency futures and currency spot rates for selected pairs of currencies, i.e. USD/INR, GBP/INR, JPY/INR and EURO/INR. The data was obtained from www.nseindia.com and www.investing.com for the period from Jan-2010 to Sep-2017, which makes approximately 1750 observations for each currency pair in each market. It is found that the spot rate for JPY/INR leads the future rate. It is also identified that the spot rate for USD/INR does not cause the changes in futures. It indicates that the market integration between spot and futures at NSE for currency pair USD/INR is strong compared to other selected currency pairs. From the variance decomposition test we found that there is almost no impact of variance in USD/INR spot rate on future rate variance forecast errors. It implies that the causal relationship between for USD/INR spot and future rates is strong and mature compared to the measured causal relationships for the remaining currency pairs. This study concludes that the price discovery process for currency pair USD/INR is better at NSE currency futures among the selected currency pairs. Copyright 2022 by authors, all rights reserved. Authors agree that this article remains permanently open access under the terms of the Creative Commons Attribution License 4.0 International License Creator An entity primarily responsible for making the resource Jose J.; Mandala G.N.; Desai K.; Hussaini N.; Shamshuddin S. Source A related resource from which the described resource is derived Universal Journal of Accounting and Finance, Vol-10, No. 1, pp. 276-285. Publisher An entity responsible for making the resource available Horizon Research Publishing Date A point or period of time associated with an event in the lifecycle of the resource 2022-01-01 Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.13189/UJAF.2022.100128" target="_blank" rel="noreferrer noopener">https://doi.org/10.13189/UJAF.2022.100128</a> <br /><br /><a href="https://www.scopus.com/inward/record.uri?eid=2-s2.0-85133620143&amp;doi=10.13189%2FUJAF.2022.100128&amp;partnerID=40&amp;md5=f9705a3a91f816c3f7966271c93034e2" target="_blank" rel="noreferrer noopener">https://www.scopus.com/inward/record.uri?eid=2-s2.0-85133620143&amp;doi=10.13189%2fUJAF.2022.100128&amp;partnerID=40&amp;md5=f9705a3a91f816c3f7966271c93034e2</a> Rights Information about rights held in and over the resource All Open Access; Gold Open Access Relation A related resource ISSN: 23319712 Format The file format, physical medium, or dimensions of the resource Online Language A language of the resource English Type The nature or genre of the resource Article Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Jose J., Department of Professional Studies, Christ University, India; Mandala G.N., Department of Professional Studies, Christ University, India; Desai K., Department of Professional Studies, Christ University, India; Hussaini N., Department of Professional Studies, Christ University, India; Shamshuddin S., Department of Management Studies, Gandhi Institute of Technology and Management, India