Abstract
This study set out to investigate and focus on the effect of interest rates on stock markets, namely the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), with the aim of increasing knowledge. All of the secondary data included in this study came from reliable exchanges and was collected over a five-year period between 2019 and 2023. The Reserve Bank of India [RBI], which collects daily and monthly prices of several stock indexes, was another source of interest data. The Unit Root test, Johansen’s Co-integration test, and ARCH models were examined using the statistical program EViews 12, were employed to calculate the outcomes and determine whether there was a long-term positive or negative association between the variables. For this study, interest rates such as bank rate, repo rate, and reverse repo rate are measured as independent variables, and stock prices such as BSE Bank, and NSE Bank are measured as dependent variables. This study will be useful to investors, financial managers, and other experts in the field of finance.
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