36. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee

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Item	2015-16	2016-17	2016	2017
	2015-16	2016-17	May	April	May
	1	2	3	4	5
36-Currency Export and Trade Based Weights (Base: 2004-05=100)
1 Trade-Based Weights
1.1 NEER	74.76	74.66	73.37	78.82	78.30
1.2 REER	112.07	114.50	112.11	120.03	119.24
2 Export-Based Weights
2.1 NEER	76.45	76.39	75.30	80.72	80.12
2.2 REER	114.44	116.45	114.45	121.82	120.92
6-Currency Trade Based Weights
1 Base: 2004-05 (April-March) =100
1.1 NEER	67.52	67.17	65.81	70.98	70.44
1.2 REER	122.71	125.99	123.11	132.67	131.66
2 Base: 2015-16 (April-March) =100
2.1 NEER	100.00	99.47	97.46	105.11	104.31
2.2 REER	100.00	102.67	100.33	108.11	107.29
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2012-13 is a moving one, which gets updated every year. REER figures are based on Consumer Price Index (combined). Methodological details are available in December 2005 and April 2014 issues of the Bulletin.