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

Item 2015-16 2016-17 2016 2017
July June July
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 73.96 77.85 77.61
1.2 REER 112.07 114.50 114.17 118.25 117.89
2 Export-Based Weights          
2.1 NEER 76.45 76.39 75.51 79.76 79.49
2.2 REER 114.44 116.44 116.10 120.25 119.86
6-Currency Trade Based Weights          
1 Base: 2004-05 (April-March) =100          
1.1 NEER 67.52 67.17 66.53 69.85 69.26
1.2 REER 122.71 125.99 125.28 131.19 130.07
2 Base: 2015-16 (April-March) =100          
2.1 NEER 100.00 99.47 98.53 103.45 102.57
2.2 REER 100.00 102.67 102.09 106.90 105.99
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2012-13 isa 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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