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

Item 2018-19 2019-20 2019 2020
September August September
1 2 3 4 5
36-Currency Export and Trade Based Weights (Base: 2004-05=100)          
1 Trade-Based Weights          
1.1 NEER 72.64 73.28 73.20 69.81 70.83
1.2 REER 114.01 116.75 116.16 115.36 117.05
2 Export-Based Weights          
2.1 NEER 74.18 74.33 74.17 70.79 71.94
2.2 REER 116.32 119.61 118.89 118.79 120.71
6-Currency Trade Based Weights          
1 Base: 2004-05 (April-March) =100          
1.1 NEER 63.07 63.59 63.80 59.05 59.76
1.2 REER 121.70 125.76 125.99 122.50 124.04
2 Base: 2017-18 (April-March) =100          
2.1 NEER 92.88 93.63 93.95 86.95 88.01
2.2 REER 94.20 97.32 97.53 94.82 96.02
Note : Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2016-17 is a 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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