Variables | Number of Lags | Hypothesized No. of CE(s) | Eigenvalue | Max-Eigen Statistics | 0.05 Critical Value | Prob. |
USD/INR Spot USD/INR Futures | 2 | None* | 0.129246 | 124.5562 | 14.26460* | 0.0001 |
At most 1 | 0.000734 | 0.661070 | 3.841466 | 0.4162 | ||
EURO/INR Spot EURO/INR Futures | 2 | None* | 0.214378 | 242.7274 | 14.26460* | 0.0001 |
At most 1 | 0.002426 | 2.443928 | 3.841466 | 0.1180 | ||
GBP/INR Spot GBP/INR Futures | 2 | None* | 0.226558 | 258.4464 | 14.26460* | 0.0001 |
At most 1 | 0.003024 | 3.046968 | 3.841466 | 0.0809 | ||
JPY/INR Spot JPY/INR Futures | 2 | None* | 0.232314 | 266.2247 | 14.26460* | 0.0001 |
At most 1 | 0.002577 | 2.598811 | 3.841466 | 0.1069 |