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

Item

2012-13

2013-14

2013

2014

September

August

September

1

2

3

4

5

36-Currency Export and Trade Based Weights (Base: 2004-05=100)

 

 

 

 

 

1 Trade-Based Weights

 

 

 

 

 

1.1 NEER

78.32

72.32

68.93

72.72

73.68

1.2 REER

105.57

103.27

99.32

108.24

109.67

2 Export-Based Weights

 

 

 

 

 

2.1 NEER

80.05

73.56

69.95

73.84

74.76

2.2 REER

108.71

105.48

101.25

110.58

111.96

6-Currency Trade Based Weights

 

 

 

 

 

1 Base: 2004-05 (April-March) =100

 

 

 

 

 

1.1 NEER

75.59

67.75

64.15

67.27

68.18

1.2 REER

117.15

112.77

107.89

118.72

120.33

2 Base: 2013-14 (April-March) =100

 

 

 

 

 

2.1 NEER

111.57

100.00

94.69

99.29

100.64

2.2 REER

103.88

100.00

95.67

105.28

106.70

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.

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