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

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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: 2004-05 (April-March) =100		Base: 2010-11 (April-March) =100
				NEER	REER	NEER	REER
				1	2	3	4
2004-05				100.00	100.00	108.92	87.05
2005-06				103.04	105.17	112.20	91.52
2006-07				98.09	104.30	106.81	90.76
2007-08				104.62	112.76	113.92	98.13
2008-09				90.42	102.32	98.46	89.05
2009-10				87.07	101.97	94.81	88.74
2010-11				91.83	114.91	100.00	100.00
2008-09	April			99.35	110.58	108.18	96.23
	May			94.86	105.92	103.29	92.17
	June			93.26	105.77	101.56	92.05
	July			92.49	105.29	100.71	91.63
	August			94.33	108.24	102.72	94.19
	September			90.35	103.67	98.38	90.22
	October			86.86	99.98	94.58	87.00
	November			88.08	100.80	95.91	87.72
	December			86.83	98.30	94.55	85.54
	January			87.00	97.86	94.74	85.16
	February			87.66	97.58	95.45	84.92
	March			84.00	93.90	91.47	81.71
2009-10	April			85.28	96.12	92.86	83.65
	May			86.48	98.51	94.17	85.73
	June			86.71	98.71	94.42	85.90
	July			85.22	97.84	92.79	85.15
	August			85.04	98.90	92.60	86.07
	September			84.18	98.48	91.67	85.70
	October			86.67	101.53	94.38	88.36
	November			86.56	102.86	94.25	89.51
	December			87.21	103.99	94.97	90.50
	January			89.30	107.33	97.24	93.40
	February			90.03	107.98	98.04	93.96
	March			92.19	111.43	100.39	96.97
2010-11	April			94.43	115.49	102.83	100.50
	May			93.97	115.72	102.33	100.70
	June			93.26	114.72	101.55	99.84
	July			90.76	112.16	98.83	97.60
	August			90.75	112.30	98.82	97.73
	September			91.22	113.57	99.33	98.84
	October			92.18	114.80	100.38	99.90
	November			91.37	114.64	99.49	99.77
	December			92.29	117.48	100.50	102.24
	January			91.28	116.91	99.39	101.74
	February			90.21	115.17	98.24	100.22
	March			90.29	115.97	98.32	100.92
2011-12	April			90.43	117.43	98.47	102.19
	May			89.33	116.46	97.27	101.34
	June			89.32	116.13	97.27	101.06
	July			90.34	117.72	98.37	102.44
	August			88.13	115.66	95.97	100.65
	September		(P)	85.08	112.46	92.64	97.87
	October		(P)	82.35	108.92	89.67	94.78
	November		(P)	80.00	106.25	87.11	92.46
	December		(P)	78.06	103.49	85.01	90.06
	January		(P)	80.49	106.24	87.64	92.46
	February		(P)	83.24	109.87	90.64	95.61
	March As on
	March	2	(P)	82.88	109.40	90.25	95.20
	March	9	(P)	81.95	108.17	89.23	94.13
	March	16	(P)	81.99	108.23	89.28	94.18
	March	22	(P)	80.68	106.49	87.85	92.67
	March	30	(P)	79.89	105.46	87.00	91.77
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 2010-11 is a moving one, which gets updated every year.