51. Indices of REER and NEER of the Indian Rupee (5-country trade based weights)

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51. Indices of REER and NEER of the Indian Rupee (5-country trade based weights)

(5-country trade based weights)

Year / Month / Day				Base: 1991-92 (April-March) = 100		Base: 1993-94 (April-March) = 100		Base: 2002-03 (April-March) = 100
				NEER	REER	NEER	REER	NEER	REER

1				2	3	4	5	6	7
1990-91				133.07	121.64	175.04	141.69	254.47	144.54
1991-92				100.00	100.00	131.54	116.48	191.23	119.86
1992-93				89.57	96.42	117.81	112.31	171.27	114.40
1993-94				76.02	85.85	100.00	100.00	145.38	102.20
1993-94				76.02	85.85	100.00	100.00	145.38	102.20
1994-95				73.06	90.23	96.09	105.81	139.70	108.15
1995-96				66.67	87.23	87.69	102.29	127.50	104.55
1996-97				65.67	88.20	86.38	103.43	125.70	105.71
1997-98				65.71	90.25	86.43	105.84	125.72	108.17
1998-99				58.12	83.38	76.45	97.79	111.14	99.94
1999-00				56.42	82.49	74.22	96.74	107.89	98.87
2000-01				56.08	85.92	73.77	100.76	107.24	102.99
2001-02				55.64	87.05	73.18	102.09	106.39	104.33
2002-03				52.29	83.46	68.78	97.88	100.00	100.00
2003-04 (P)				51.21	84.93	67.36	99.60	97.93	101.79
2001-02	October			54.44	85.78	71.61	100.60	104.11	102.82
	November			54.95	86.69	72.27	101.67	105.07	103.91
	December			55.37	87.20	72.84	102.26	105.89	104.53
	January			55.47	86.76	72.96	101.75	106.08	104.00
	February			55.46	86.48	72.95	101.42	106.06	103.65
	March			55.10	86.16	72.48	101.04	105.37	103.27
2002-03	April			54.65	85.34	71.88	100.09	104.50	102.29
	May			53.57	83.80	70.46	98.27	102.44	100.44
	June			52.70	83.38	69.32	97.78	100.78	99.94
	July			51.51	82.02	67.76	96.18	98.51	98.30
	August			52.08	83.46	68.50	97.87	99.59	100.03
	September			52.25	83.72	68.73	98.18	99.92	100.35
	October			52.56	84.24	69.14	98.79	100.51	100.97
	November			52.15	83.76	68.59	98.23	99.72	100.39
	December			52.00	83.10	68.40	97.46	99.44	99.61
	January			51.24	82.11	67.40	96.30	97.98	98.42
	February			51.33	82.61	67.51	96.88	98.15	99.02
	March			51.48	83.61	67.72	98.06	98.45	100.22
2003-04	April			51.83	84.88	68.18	99.55	99.12	101.74
	May			50.85	83.49	66.88	97.91	97.23	100.07
	June			51.03	83.82	67.12	98.30	97.58	100.47
	July			52.13	85.50	68.56	100.27	99.68	102.48
	August			52.92	86.78	69.61	101.77	101.19	104.02
	September			52.52	86.85	69.08	101.86	100.43	104.10
	October			51.65	85.68	67.94	100.48	98.76	102.70
	November			51.42	85.89	67.63	100.72	98.32	102.94
	December			50.28	83.83	66.14	98.31	96.15	100.48
	January			49.64	83.56	65.30	97.99	94.93	100.15
	February		(P)	49.61	83.71	65.25	98.16	94.86	100.33
	March		(P)	50.66	85.14	66.64	99.85	96.88	102.05
	April		(P)	52.16	87.93	68.61	103.12	99.75	105.39
	May		(P)	51.14	86.43	67.27	101.37	97.80	103.60
	June		(P)	50.28	85.66	66.14	100.45	96.15	102.67
	July		(P)	49.49	84.98	65.10	99.66	94.65	101.85
	As on
	July	23	(P)	49.37	84.79	64.94	99.44	94.41	101.63
	July	30	(P)	49.64	85.25	65.29	99.98	94.92	102.18
	August	6	(P)	49.58	85.73	65.21	100.54	94.80	102.75
	August	13	(P)	49.60	85.76	65.24	100.58	94.84	102.80
Notes: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 issue of this Bulletin. 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 2004, the base year 2001-02 has been shifted forward to 2002-03. 4.The indices on REER have been recalculated from April 1993 onwards using the new Wholesale Price Index (WPI) series with base year 1993-94. 5.For a monthly time-series since April 1993, please see August 2002 issue of the Bulletin.