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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 2020 2021
January December January
1 2 3 4 5
40-Currency Basket (Base: 2015-16 = 100)          
1 Trade-weighted          
1.1 NEER 97.45 98.00 96.91 92.96 93.81
1.2 REER 100.63 103.20 104.09 103.31 104.26
2 Export-weighted          
2.1 NEER 97.13 97.38 96.35 92.80 93.37
2.2 REER 100.29 102.88 104.00 103.13 103.75
6-Currency Basket (Trade-weighted)          
1 Base: 2015-16 = 100          
1.1 NEER 94.19 94.92 94.02 87.13 87.34
1.2 REER 100.29 103.60 104.86 101.56 101.81
2 Base: 2018-19 = 100          
2.1 NEER 100.00 100.78 99.82 92.50 92.73
2.2 REER 100.00 103.30 104.56 101.27 101.52
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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