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83141717

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

(6-Currency Trade Based Weights)

Year/Month/Day

Base: 1993-94 (April-March) =100

Base: 2008-09 (April-March) =100

NEER

 REER

NEER

REER

1993-94

 

 

 

100.00

100.00

153.76

95.88

1994-95

 

 

 

96.96

105.82

149.01

101.42

1995-96

 

 

 

88.56

101.27

136.11

97.06

1996-97

 

 

 

86.85

101.11

133.47

96.91

1997-98

 

 

 

87.94

104.41

135.15

100.07

1998-99

 

 

 

77.49

96.14

119.09

92.15

1999-00

 

 

 

77.16

97.69

118.59

93.62

2000-01

 

 

 

77.43

102.82

119.00

98.55

2001-02

 

 

 

76.04

102.71

116.87

98.44

2002-03

 

 

 

71.27

97.68

109.53

93.62

2003-04

 

 

 

69.97

99.17

107.53

95.05

2004-05

 

 

 

69.58

101.78

106.93

97.55

2005-06

 

 

 

72.28

107.30

111.09

102.84

2006-07

 

 

 

69.49

105.57

106.80

101.18

2007-08

 

 

 

74.76

114.23

114.89

109.49

2008-09

 

 

 

65.07

104.34

100.00

100.00

2009-10 (P)

 

 

 

62.86

104.45

96.62

100.11

2007-08

April

 

 

73.33

111.87

112.69

107.22

 

May

 

 

75.79

116.00

116.46

111.17

 

June

 

 

75.95

115.38

116.72

110.58

 

July

 

 

75.75

115.20

116.40

110.39

 

August

 

 

75.03

114.20

115.30

109.44

 

September

 

 

75.24

115.18

115.62

110.39

 

October

 

 

76.08

115.98

116.92

111.16

 

November

 

 

74.97

114.11

115.21

109.36

 

December

 

 

75.25

114.72

115.65

109.94

 

January

 

 

74.88

114.25

115.08

109.51

 

February

 

 

73.96

113.03

113.65

108.33

 

March

 

 

70.94

110.98

109.01

106.35

2008-09

April

 

 

71.49

112.24

109.87

107.57

 

May

 

 

68.27

108.39

104.92

103.88

 

June

 

 

67.11

108.21

103.15

103.71

 

July

 

 

66.56

107.84

102.30

103.35

 

August

 

 

67.88

111.12

104.33

106.50

 

September

 

 

65.02

106.88

99.92

102.44

 

October

 

 

62.50

101.95

96.06

97.71

 

November

 

 

63.38

102.23

97.41

97.98

 

December

 

 

62.48

99.73

96.03

95.59

 

January

 

 

62.60

98.93

96.21

94.81

 

February

 

 

63.08

99.15

96.95

95.03

 

March

 

 

60.45

95.44

92.90

91.47

2009-10

April

 

 

61.60

98.34

94.68

94.26

 

May

 

 

62.45

101.22

95.97

97.01

 

June

 

 

62.59

100.97

96.20

96.77

 

July

 

 

61.52

100.45

94.55

96.27

 

August

 

 

61.39

101.37

94.35

97.16

 

September

 

 

60.78

101.12

93.41

96.92

 

October

(P)

 

62.57

103.82

96.16

99.50

 

November

(P)

 

62.48

105.69

96.02

101.29

 

December

(P)

 

62.96

106.90

96.76

102.45

 

January

(P)

 

64.46

109.79

99.07

105.23

 

February

(P)

 

65.02

110.50

99.93

105.91

 

March

(P)

 

66.59

113.31

102.34

108.60

2010-11

April

(P)

 

68.40

117.50

105.13

112.61

 

As on

 

 

 

 

 

 

 

April

23

(P)

68.64

117.90

105.48

112.99

 

April

30

(P)

68.82

118.22

105.77

113.30

 

May

07

(P)

68.22

117.19

104.85

112.31

 

May

14

(P)

69.26

118.96

106.44

114.02

(P) : Provisional.
Notes :1.Rise in indices indicate appreciation of rupee and vice versa.
2.For “Note on Methodology” on the indices presented here, please see December 2005 issue of this Bulletin.
3.Base year 2008-09 is a moving one, which gets updated every year.

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