Page 51 - IILMGSM Journal_Management Perspective

Panel B: Sub Period 1994-
2000

CM CD CP TBILL NIFTY ER
-.114
CM 1 .339** .518** .599** -.202 -.203
CD -.399**
CP .339** 1 .790** .508** -.398** -.274*
TBILL .184
NIFTY .518** .790** 1 .832** -.344** 1
ER
.599** .508** .832** 1 -.248*

-.202 -.398** -.344** -.248* 1

-.114 -.203 -.399** -.274* .184

Panel C: Sub Period 2000 –
2004

CM CD CP MIBOR TBILL PLR DR NIFTY ER

CM 1 .916** .910** .976** .951** .829** .867** -.285* .091
CD
CP .916** 1 .970** .958** .959** .907** .954** -.427** .249
MIBOR
TBILL .910** .970** 1 .952** .962** .919** .962** -.452** .268*
PLR
DR .976** .958** .952** 1 .972** .855** .919** -.327* .137
NIFTY
ER .951** .959** .962** .972** 1 .875** .914** -.307* .099

.972** .965** .963** .995** .991** 1 .904** -.320* .121

.965** .964** .965** .986** .997** .904** 1 -.315* .111

-.285* -.427** -.452** -.327* -.307* -.574** -.488** 1 -.832**

.091 .249 .268* .137 .099 .414** .343* -.832** 1

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