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

Item 2019-20 2020-21 2020 2021
November October November
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-weighted          
1.1 NEER 98.00 93.92 93.01 93.60 94.04
1.2 REER 103.20 103.46 104.84 105.27 106.24
2 Export-weighted          
2.1 NEER 97.38 93.59 92.98 93.15 93.99
2.2 REER 102.88 102.96 104.63 104.37 105.74
6-Currency Basket (Trade-weighted)          
1 Base: 2015-16 = 100          
1.1 NEER 94.92 88.47 87.42 86.59 87.60
1.2 REER 103.62 101.88 103.35 102.79 104.61
2 Base: 2018-19 = 100          
2.1 NEER 100.78 93.93 92.81 91.93 93.00
2.2 REER 103.32 101.59 103.06 102.49 104.31
Note : Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2018-19 is a moving one, which gets updated every year. REER figures are based on Consumer Price Index (combined). The details on methodology used for compilation of NEER/REER indices are available in December 2005, April 2014 and January 2021 issues of the RBI Bulletin.

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