No. 50: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee

(36-Currency Export and Trade Based Weights) (Base: 1993-94=100)*

Year

Trade Based Weights

Export Based Weights

Year

Trade Based Weights

Export Based Weights

REER

NEER

REER

NEER

REER

NEER

REER

NEER

1

2

3

4

5

1

2

3

4

5

1993-94

100.00

100.00

100.00

100.00

2006-07

April

98.16

87.73

97.11

89.18

May

96.43

85.43

95.67

87.12

1994-95

104.32

98.91

104.88

98.18

June

96.60

85.11

95.61

86.61

July

95.75

84.22

94.80

85.74

1995-96

98.19

91.54

100.10

90.94

August

95.64

83.61

94.66

85.13

September

98.00

84.65

96.78

86.05

October

99.96

86.18

98.64

87.53

1996-97

96.83

89.27

98.95

89.03

November

100.35

86.50

99.31

88.12

December

99.14

85.89

98.25

87.68

1997-98

100.77

92.04

103.07

91.97

January

100.69

87.05

99.53

88.72

February

100.55

87.21

99.39

88.87

1998-99

93.04

89.05

94.34

90.34

March

100.53

87.11

99.35

88.85

2007-08 (P)

April

102.60

91.80

101.88

92.89

1999-00

95.99

91.02

95.28

90.42

May

106.01

94.69

105.24

95.83

June

105.92

94.97

105.03

96.07

2000-01

100.09

92.12

98.67

90.12

July

105.99

94.84

105.19

96.08

August

105.34

94.38

104.47

95.52

2001-02

100.86

91.58

98.59

89.08

September

105.90

94.65

105.12

95.91

October

106.09

95.29

105.35

96.73

2002-03

98.18

89.12

95.99

87.01

November

104.63

94.27

104.01

95.83

December

104.94

94.68

104.19

96.11

2003-04

99.56

87.14

99.07

87.89

January

104.85

94.29

104.26

95.91

February

103.51

93.11

103.04

94.82

2004-05

100.09

87.31

98.30

88.41

March

101.94

90.01

101.72

91.92

2008-09 (P)

April

101.72

93.26

101.83

93.54

2005-06

102.35

89.85

100.54

91.17

May

97.59

89.04

97.52

89.20

June

97.61

87.65

97.64

87.85

July

97.24

87.04

97.48

87.35

2006-07

98.48

85.89

97.42

87.46

August

99.57

88.60

99.57

88.68

September

96.11

85.42

95.89

85.34

2007-08 (P)

104.81

93.91

104.12

95.30

October

92.51

83.22

92.05

82.92

November

92.86

84.67

92.10

84.20

2008-09 (P)

96.24

87.00

96.04

86.96

December

90.92

84.09

90.28

83.61

* : For “Note on Methodology” and time series data on the indices presented here, please see December 2005 issue of this Bulletin.