Table 2.

Correlation matrix

	COB	LTY	MIBOR	NSE500	NSEBN	USDINR
CAD	0.07	− 0.04	0.00	0.06	0.09	− 0.07
CPI	0.06	− 0.04	− 0.03	0.08	0.08	− 0.02
EMCGDP	0.16	− 0.01	− 0.04	0.94	0.83	− 0.51
FPI	0.12	− 0.13	− 0.08	0.11	0.20	− 0.16
GDPG	0.00	0.06	− 0.03	0.00	0.01	− 0.02
USTB	− 0.26	0.21	− 0.05	0.08	0.04	− 0.02