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

Item 2022-23 2023-24 2023 2024
Oct Sep Oct
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-Weighted          
1.1 NEER 91.20 90.73 91.69 90.39 90.93
1.2 REER 102.78 103.70 105.13 105.34 107.21
2 Export-Weighted          
2.1 NEER 93.01 93.11 94.01 93.07 93.51
2.2 REER 101.10 101.21 102.41 102.68 104.28
6-Currency Basket (Trade-weighted)          
1 Base : 2015-16 =100          
1.1 NEER 85.93 83.62 84.50 81.54 81.99
1.2 REER 101.80 101.66 103.07 102.52 104.38
2 Base : 2022-23 =100          
2.1 NEER 100.00 97.31 98.33 94.89 95.42
2.2 REER 100.00 99.86 101.24 100.71 102.53
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2021-22 is a moving one, which gets updated every year. REER figures are based on Consumer Price Index (combined). The details on methodology used for compilation of NEER/REER indices are available in December 2005, April 2014 and January 2021 issues of the RBI Bulletin.

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