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

Item 2020-21 2021-22 2021 2022
April March April
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-weighted          
1.1 NEER 93.92 93.13 92.26 92.74 93.31
1.2 REER 103.46 104.66 100.90 103.39 103.64
2 Export-weighted          
2.1 NEER 93.59 93.55 92.40 93.72 94.48
2.2 REER 102.96 103.48 99.84 102.30 102.62
6-Currency Basket (Trade-weighted)          
1 Base: 2015-16 = 100          
1.1 NEER 88.45 87.03 86.56 86.42 87.59
1.2 REER 101.84 102.27 99.72 100.92 103.58
2 Base: 2020-21 = 100          
2.1 NEER 100.00 98.39 97.86 97.70 99.03
2.2 REER 100.00 100.42 97.92 99.10 101.71
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2020-21 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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