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Appendix Table VI.11: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee


 

36 - country bilateral trade weights
(Base : 1985 = 100)

5 - country bilateral trade weights
(Base : 1993-94 = 100)


Year/Month

REER

NEER

REER

NEER


1

2

3

4

5


1993-94

61.59

44.69

100.00

100.00

1994-95

66.04

43.37

105.81

96.09

1995-96

63.62

39.73

102.29

87.69

1996-97

63.81

38.97

103.43

86.38

1997-98

67.02

40.01

105.84

86.43

1998-99

63.44

36.34

97.79

76.45

1999-00

63.29

35.46

96.74

74.22

2000-01

66.53

35.52

100.76

73.77

2001-02

68.43

35.75

102.09

73.18

2002-03 (P)

72.82

37.05

97.88

68.78

         

2002-03 (P)

       

April

74.10

38.55

100.09

71.88

May

72.77

37.79

98.27

70.46

June

72.39

37.16

97.78

69.32

July

71.56

36.52

96.18

67.76

August

72.96

36.98

97.87

68.50

September

73.21

37.04

98.18

68.73

October

73.66

37.27

98.78

69.14

November

73.54

37.14

98.23

68.59

December

72.65

36.84

97.46

68.40

January

71.63

36.32

96.29

67.39

February

72.21

36.42

96.89

67.51

March

73.15

36.53

98.07

67.73

         

2003-04(P)

       

April

74.28

36.72

99.66

68.17

May

72.31

35.89

97.33

66.88

June

73.06

36.04

98.29

67.12


P : Provisional.
Note :
1.The 36-country and 5-country REER indices have been recalculated from April 1994 and April 1993 onwards, respectively, using the new Wholesale Price Index (WPI) series (Base : 1993-94=100).
2. The 36-Country REER & NEER have been estimated using the common price index and the exchange rate for the Euro, thus representing 31 countries and the Euro area w.e.f. 01.03.2002.

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