No. 53 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee - ಆರ್ಬಿಐ - Reserve Bank of India
No. 53 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee
(5-country trade based weights) |
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Year / Month / Day |
Base: 1991-92 (April-March) =100 |
Base: 1993-94 (April-March) =100 |
Base: 1997-98 (April-March) =100 |
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NEER |
REER |
NEER |
REER |
NEER |
REER |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
1990-91 |
133.07 |
121.64 |
175.04 |
141.69 |
202.53 |
133.56 |
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1991-92 |
100.00 |
100.00 |
131.54 |
116.48 |
152.19 |
109.80 |
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1992-93 |
89.57 |
96.42 |
117.81 |
112.31 |
136.31 |
105.87 |
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1993-94 |
76.02 |
85.85 |
100.00 |
100.00 |
115.70 |
94.27 |
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1994-95 |
73.06 |
89.76 |
96.09 |
104.55 |
111.18 |
98.56 |
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1995-96 |
66.67 |
86.33 |
87.69 |
100.56 |
101.46 |
94.79 |
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1996-97 |
65.67 |
88.58 |
86.38 |
103.18 |
99.94 |
97.26 |
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1997-98 |
65.71 |
91.08 |
86.43 |
106.08 |
100.00 |
100.00 |
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1998-99 (P) |
58.12 |
85.34 |
76.45 |
99.40 |
88.46 |
93.70 |
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1993 |
January |
92.35 |
99.49 |
121.48 |
115.88 |
140.55 |
109.23 |
February |
93.14 |
100.54 |
122.51 |
117.10 |
141.74 |
110.39 |
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March |
76.80 |
82.88 |
101.02 |
96.54 |
116.88 |
91.00 |
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1993-94 |
April |
75.39 |
81.43 |
99.16 |
94.84 |
114.73 |
89.40 |
May |
75.17 |
81.54 |
98.88 |
94.98 |
114.41 |
89.53 |
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June |
75.46 |
82.67 |
99.26 |
96.29 |
114.84 |
90.77 |
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July |
76.49 |
84.45 |
100.61 |
98.37 |
116.41 |
92.73 |
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August |
75.90 |
84.95 |
99.84 |
98.95 |
115.51 |
93.27 |
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September |
74.98 |
85.19 |
98.63 |
99.22 |
114.12 |
93.53 |
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October |
75.57 |
87.24 |
99.40 |
101.62 |
115.01 |
95.79 |
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November |
76.57 |
88.23 |
100.72 |
102.76 |
116.53 |
96.87 |
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December |
76.78 |
88.40 |
100.99 |
102.97 |
116.85 |
97.06 |
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January |
77.34 |
89.22 |
101.73 |
103.92 |
117.71 |
97.96 |
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February |
76.70 |
88.92 |
100.88 |
103.58 |
116.72 |
97.64 |
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March |
75.94 |
88.01 |
99.89 |
102.51 |
115.57 |
96.64 |
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1994-95 |
April |
75.88 |
90.00 |
99.81 |
104.83 |
115.48 |
98.82 |
May |
75.27 |
90.49 |
99.01 |
105.40 |
114.56 |
99.36 |
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June |
74.60 |
90.19 |
98.13 |
105.06 |
113.54 |
99.03 |
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July |
73.18 |
89.56 |
96.25 |
104.32 |
111.37 |
98.33 |
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August |
73.31 |
89.73 |
96.42 |
104.51 |
111.57 |
98.52 |
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September |
72.82 |
88.87 |
95.78 |
103.51 |
110.82 |
97.57 |
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October |
72.05 |
88.24 |
94.78 |
102.78 |
109.66 |
96.89 |
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November |
72.33 |
89.04 |
95.14 |
103.72 |
110.08 |
97.77 |
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December |
73.28 |
91.37 |
96.39 |
106.43 |
111.52 |
100.33 |
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January |
72.67 |
91.43 |
95.59 |
106.50 |
110.60 |
100.39 |
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February |
72.14 |
91.00 |
94.89 |
105.99 |
109.78 |
99.91 |
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March |
69.14 |
87.20 |
90.94 |
101.57 |
105.22 |
95.75 |
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1995-96 |
April |
68.18 |
86.61 |
89.68 |
100.88 |
103.77 |
95.09 |
May |
68.92 |
88.38 |
90.66 |
102.95 |
104.90 |
97.04 |
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June |
68.69 |
88.22 |
90.35 |
102.76 |
104.54 |
96.87 |
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July |
68.96 |
89.21 |
90.71 |
103.91 |
104.95 |
97.95 |
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August |
70.37 |
91.42 |
92.56 |
106.49 |
107.09 |
100.38 |
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September |
68.04 |
88.51 |
89.50 |
103.09 |
103.55 |
97.18 |
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October |
64.80 |
84.49 |
85.23 |
98.41 |
98.62 |
92.76 |
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November |
64.63 |
84.72 |
85.01 |
98.68 |
98.35 |
93.02 |
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December |
64.64 |
84.29 |
85.03 |
98.18 |
98.38 |
92.55 |
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January |
63.75 |
82.72 |
83.85 |
96.35 |
97.02 |
90.82 |
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February |
62.39 |
80.89 |
82.06 |
94.22 |
94.95 |
88.82 |
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March |
66.62 |
86.51 |
87.63 |
100.76 |
101.40 |
94.98 |
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Year / Month / Day |
Base: 1991-92 (April-March) =100 |
Base: 1993-94 (April-March) =100 |
Base: 1997-98 (April-March) =100 |
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NEER |
REER |
NEER |
REER |
NEER |
REER |
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1 |
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2 |
3 |
4 |
5 |
6 |
7 |
1996-97 |
April |
67.47 |
88.05 |
88.75 |
102.56 |
102.68 |
96.68 |
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May |
66.19 |
86.94 |
87.07 |
101.27 |
100.74 |
95.46 |
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June |
66.26 |
87.36 |
87.16 |
101.75 |
100.85 |
95.91 |
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July |
65.03 |
87.12 |
85.54 |
101.47 |
98.97 |
95.65 |
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August |
64.28 |
86.99 |
84.56 |
101.33 |
97.83 |
95.52 |
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September |
64.63 |
87.85 |
85.01 |
102.33 |
98.36 |
96.46 |
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October |
65.13 |
88.64 |
85.67 |
103.24 |
99.12 |
97.32 |
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November |
64.28 |
87.95 |
84.56 |
102.45 |
97.83 |
96.57 |
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December |
64.67 |
88.53 |
85.07 |
103.11 |
98.42 |
97.20 |
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January |
65.49 |
89.50 |
86.14 |
104.24 |
99.67 |
98.27 |
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February |
67.11 |
91.94 |
88.27 |
107.09 |
102.13 |
100.94 |
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March |
67.44 |
92.10 |
88.71 |
107.27 |
102.64 |
101.12 |
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1997-98 |
April |
67.84 |
92.62 |
89.24 |
107.88 |
103.25 |
101.70 |
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May |
67.03 |
91.40 |
88.16 |
106.46 |
102.01 |
100.36 |
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June |
66.71 |
91.03 |
87.74 |
106.03 |
101.52 |
99.95 |
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July |
67.40 |
92.31 |
88.66 |
107.52 |
102.58 |
101.36 |
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August |
68.45 |
93.95 |
90.04 |
109.44 |
104.18 |
103.16 |
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September |
67.19 |
92.55 |
88.38 |
107.80 |
102.26 |
101.61 |
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October |
67.05 |
93.21 |
88.20 |
108.57 |
102.05 |
102.34 |
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November |
65.03 |
90.46 |
85.54 |
105.36 |
98.97 |
99.32 |
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December |
62.71 |
87.93 |
82.48 |
102.42 |
95.43 |
96.54 |
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January |
63.04 |
89.50 |
82.92 |
104.24 |
95.94 |
98.26 |
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February |
63.39 |
89.72 |
83.38 |
104.50 |
96.47 |
98.51 |
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March |
62.65 |
88.24 |
82.40 |
102.79 |
95.34 |
96.89 |
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1998-99 |
April |
62.55 |
89.18 |
82.27 |
103.88 |
95.20 |
97.92 |
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May |
61.45 |
88.19 |
80.82 |
102.72 |
93.52 |
96.83 |
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June |
59.35 |
86.10 |
78.08 |
100.29 |
90.33 |
94.53 |
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July |
59.07 |
86.81 |
77.70 |
101.11 |
89.91 |
95.31 |
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August |
59.04 |
87.05 |
77.66 |
101.40 |
89.86 |
95.58 |
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September |
57.56 |
85.55 |
75.71 |
99.64 |
87.60 |
93.93 |
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October |
(P) |
56.01 |
83.58 |
73.68 |
97.36 |
85.25 |
91.77 |
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November |
(P) |
56.50 |
84.29 |
74.31 |
98.18 |
85.98 |
92.55 |
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December |
(P) |
55.84 |
82.65 |
73.45 |
96.26 |
84.98 |
90.74 |
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January |
(P) |
55.75 |
82.28 |
73.33 |
95.84 |
84.85 |
90.34 |
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February |
(P) |
56.78 |
83.77 |
74.69 |
97.57 |
86.42 |
91.97 |
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March |
(P) |
57.54 |
84.60 |
75.69 |
98.54 |
87.58 |
92.89 |
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1999-2000 |
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April |
(P) |
57.47 |
84.30 |
75.59 |
98.19 |
87.46 |
92.56 |
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May |
(P) |
57.70 |
85.28 |
75.90 |
99.33 |
87.81 |
93.64 |
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As on |
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May 28 |
(P) |
57.69 |
85.06 |
75.88 |
99.08 |
87.80 |
93.40 |
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Jun. 4 |
(P) |
57.96 |
85.46 |
76.24 |
99.54 |
88.21 |
93.84 |
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Jun. 11 |
(P) |
57.27 |
84.45 |
75.33 |
98.36 |
87.16 |
92.72 |
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Jun. 18 |
(P) |
57.55 |
84.93 |
75.70 |
98.92 |
87.59 |
93.25 |
Note: |
1. |
Rise in indices indicate appreciation of rupee and vice versa |
2. |
For "Note on Methodology" on the indices presented here, please see Page S 653 of July 1998 of this Bulletin. |
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3. |
It may be recalled that in the aforesaid Note on Methodology, it was indicated that the base year 1996-97 would be a moving one. Accordingly, with effect from April 1999, the base year 1996-97 has been shifted forward to 1997-98. |