Variables

Number of Lags

Hypothesized No. of CE(s)

Eigenvalue

Trace Statistic

0.05 Critical Value

Prob.

USD/INR Spot

USD/INR Futures

2

None*

0.129246

125.2173

15.49471*

0.0001

At most 1

0.000734

0.661070

3.841466

0.4162

EURO/INR Spot

EURO/INR Futures

2

None*

0.214378

245.1713

15.49471*

0.0001

At most 1

0.002426

2.443928

3.841466

0.1180

GBP/INR Spot

GBP/INR Futures

2

None*

0.226558

261.4933

15.49471*

0.0001

At most 1

0.003024

3.046968

3.841466

0.0809

JPY/INR Spot

JPY/INR Futures

2

None*

0.232314

268.8235

15.49471*

0.0001

At most 1

0.002577

2.598811

3.841466

0.1069