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

Item 2017-18 2018-19 2018 2019
June May June
1 2 3 4 5
36-Currency Export and Trade Based Weights (Base: 2004-05=100)          
1 Trade-Based Weights          
1.1 NEER 76.94 72.64 73.94 74.11 74.23
1.2 REER 119.71 114.01 115.94 115.86 116.04
2 Export-Based Weights          
2.1 NEER 78.89 74.18 75.71 75.57 75.75
2.2 REER 121.94 116.32 118.53 118.25 118.54
6-Currency Trade Based Weights          
1 Base: 2004-05 (April-March) =100          
1.1 NEER 67.91 63.07 64.10 64.23 64.45
1.2 REER 129.19 121.70 123.18 125.15 124.55
2 Base: 2017-18 (April-March) =100          
2.1 NEER 100.00 92.88 94.40 94.58 94.91
2.2 REER 100.00 94.20 95.35 96.87 96.41
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2016-17 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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