No. 51 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee - ఆర్బిఐ - Reserve Bank of India
No. 51 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee
(5-country trade based weights) |
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Year / Month/ Day |
Base: 1991-92 (April-March) = 100 |
Base: 1993-94 (April-March) = 100 |
Base: 1999-00 (April-March) =100 |
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NEER |
REER |
NEER |
REER |
NEER |
REER |
1 |
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2 |
3 |
4 |
5 |
6 |
7 |
1990-91 |
133.07 |
121.64 |
175.04 |
141.69 |
235.85 |
146.19 |
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1991-92 |
100.00 |
100.00 |
131.54 |
116.48 |
177.23 |
121.22 |
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1992-93 |
89.57 |
96.42 |
117.81 |
112.31 |
158.74 |
115.70 |
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1993-94 |
76.02 |
85.85 |
100.00 |
100.00 |
134.74 |
103.37 |
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1993-94 |
76.02 |
85.85 |
100.00 |
100.00 |
134.74 |
103.37 |
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1994-95 |
73.06 |
90.23 |
96.09 |
105.81 |
129.48 |
109.38 |
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1995-96 |
66.67 |
87.23 |
87.69 |
102.29 |
118.17 |
105.74 |
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1996-97 |
65.67 |
88.20 |
86.38 |
103.43 |
116.50 |
106.92 |
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1997-98 |
65.71 |
90.25 |
86.43 |
105.84 |
116.52 |
109.40 |
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1998-99 |
58.12 |
83.38 |
76.45 |
97.79 |
103.01 |
101.08 |
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1999-00 |
56.42 |
82.49 |
74.22 |
96.74 |
100.00 |
100.00 |
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2000-01 (P) |
56.08 |
85.92 |
73.77 |
100.76 |
99.39 |
104.16 |
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1993-94 |
April |
75.39 |
81.43 |
99.16 |
94.84 |
133.61 |
103.32 |
May |
75.17 |
81.54 |
98.88 |
94.98 |
133.23 |
102.81 |
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June |
75.46 |
82.67 |
99.26 |
96.29 |
133.74 |
103.14 |
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July |
76.49 |
84.45 |
100.61 |
98.37 |
135.57 |
104.50 |
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August |
75.90 |
84.95 |
99.84 |
98.95 |
134.52 |
103.48 |
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September |
74.98 |
85.19 |
98.63 |
99.22 |
132.90 |
101.99 |
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October |
75.57 |
87.24 |
99.40 |
101.62 |
133.94 |
102.61 |
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November |
76.57 |
88.23 |
100.72 |
102.76 |
135.71 |
103.99 |
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December |
76.78 |
88.40 |
100.99 |
102.97 |
136.08 |
104.20 |
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January |
77.34 |
89.22 |
101.73 |
103.92 |
137.08 |
104.72 |
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February |
76.70 |
88.92 |
100.88 |
103.58 |
135.93 |
103.50 |
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March |
75.94 |
88.01 |
99.89 |
102.51 |
134.59 |
102.16 |
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1994-95 |
April |
75.88 |
90.00 |
99.81 |
104.83 |
134.49 |
109.41 |
May |
75.27 |
90.49 |
99.01 |
105.40 |
133.41 |
109.14 |
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June |
74.60 |
90.19 |
98.13 |
105.06 |
132.22 |
109.77 |
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July |
73.18 |
89.56 |
96.25 |
104.32 |
129.69 |
108.83 |
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August |
73.31 |
89.73 |
96.42 |
104.51 |
129.92 |
109.32 |
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September |
72.82 |
88.87 |
95.78 |
103.51 |
129.06 |
108.47 |
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October |
72.05 |
88.24 |
94.78 |
102.78 |
127.70 |
107.91 |
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November |
72.33 |
89.04 |
95.14 |
103.72 |
128.20 |
108.74 |
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December |
73.28 |
91.37 |
96.39 |
106.43 |
129.88 |
111.34 |
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January |
72.67 |
91.43 |
95.59 |
106.50 |
128.80 |
111.73 |
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February |
72.14 |
91.00 |
94.89 |
105.99 |
127.85 |
111.33 |
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March |
69.14 |
87.20 |
90.94 |
101.57 |
122.54 |
106.55 |
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1995-96 |
April |
68.18 |
86.61 |
89.68 |
100.88 |
120.84 |
106.76 |
May |
68.92 |
88.38 |
90.66 |
102.95 |
122.16 |
108.53 |
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June |
68.69 |
88.22 |
90.35 |
102.76 |
121.74 |
108.45 |
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July |
68.96 |
89.21 |
90.71 |
103.91 |
122.22 |
110.16 |
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August |
70.37 |
91.42 |
92.56 |
106.49 |
124.71 |
112.02 |
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September |
68.04 |
88.51 |
89.50 |
103.09 |
120.59 |
108.12 |
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October |
64.80 |
84.49 |
85.23 |
98.41 |
114.85 |
103.26 |
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November |
64.63 |
84.72 |
85.01 |
98.68 |
114.54 |
103.30 |
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December |
64.64 |
84.29 |
85.03 |
98.18 |
114.57 |
102.82 |
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January |
63.75 |
82.72 |
83.85 |
96.35 |
112.98 |
101.15 |
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February |
62.39 |
80.89 |
82.06 |
94.22 |
110.65 |
98.95 |
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March |
66.62 |
86.51 |
87.63 |
100.76 |
118.22 |
105.34 |
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1996-97 |
April |
67.47 |
88.05 |
88.75 |
102.56 |
119.70 |
107.54 |
May |
66.19 |
86.94 |
87.07 |
101.27 |
117.46 |
106.08 |
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June |
66.26 |
87.36 |
87.16 |
101.75 |
117.59 |
106.65 |
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July |
65.03 |
87.12 |
85.54 |
101.47 |
115.37 |
106.18 |
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August |
64.28 |
86.99 |
84.56 |
101.33 |
114.08 |
105.55 |
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September |
64.63 |
87.85 |
85.01 |
102.33 |
114.69 |
106.06 |
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October |
65.13 |
88.64 |
85.67 |
103.24 |
115.55 |
106.41 |
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November |
64.28 |
87.95 |
84.56 |
102.45 |
114.04 |
105.21 |
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December |
64.67 |
88.53 |
85.07 |
103.11 |
114.73 |
106.12 |
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January |
65.49 |
89.50 |
86.14 |
104.24 |
116.17 |
107.08 |
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February |
67.11 |
91.94 |
88.27 |
107.09 |
119.03 |
109.87 |
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March |
67.44 |
92.10 |
88.71 |
107.27 |
119.62 |
110.27 |
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Year / Month/ Day |
Base: 1991-92 (April-March) = 100 |
Base: 1993-94 (April-March) = 100 |
Base: 1999-00 (April-March) =100 |
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NEER |
REER |
NEER |
REER |
NEER |
REER |
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1 |
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2 |
3 |
4 |
5 |
6 |
7 |
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1997-98 |
April |
67.84 |
92.62 |
89.24 |
107.88 |
120.26 |
112.21 |
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May |
67.03 |
91.40 |
88.16 |
106.46 |
118.89 |
110.56 |
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June |
66.71 |
91.03 |
87.74 |
106.03 |
118.36 |
110.44 |
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July |
67.40 |
92.31 |
88.66 |
107.52 |
119.52 |
111.59 |
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August |
68.45 |
93.95 |
90.04 |
109.44 |
121.34 |
113.37 |
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September |
67.19 |
92.55 |
88.38 |
107.80 |
119.17 |
111.90 |
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October |
67.05 |
93.21 |
88.20 |
108.57 |
118.94 |
111.81 |
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November |
65.03 |
90.46 |
85.54 |
105.36 |
115.30 |
108.31 |
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December |
62.71 |
87.93 |
82.48 |
102.42 |
111.21 |
104.95 |
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January |
63.04 |
89.50 |
82.92 |
104.24 |
111.77 |
106.35 |
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February |
63.39 |
89.72 |
83.38 |
104.50 |
112.43 |
106.32 |
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March |
62.65 |
88.24 |
82.40 |
102.79 |
111.10 |
105.01 |
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1998-99 |
April |
62.55 |
89.18 |
82.27 |
103.88 |
110.86 |
106.33 |
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May |
61.45 |
88.19 |
80.82 |
102.72 |
108.91 |
105.21 |
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June |
59.35 |
86.10 |
78.08 |
100.29 |
105.20 |
102.82 |
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July |
59.07 |
86.81 |
77.70 |
101.11 |
104.71 |
103.30 |
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August |
59.04 |
87.05 |
77.66 |
101.40 |
104.65 |
102.81 |
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September |
57.56 |
85.55 |
75.71 |
99.64 |
102.02 |
100.19 |
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October |
56.01 |
83.60 |
73.68 |
97.37 |
99.27 |
98.15 |
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November |
56.50 |
84.31 |
74.31 |
98.20 |
100.14 |
99.44 |
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December |
55.84 |
82.63 |
73.45 |
96.25 |
98.97 |
98.00 |
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January |
55.75 |
82.31 |
73.33 |
95.87 |
98.80 |
96.81 |
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February |
56.78 |
84.03 |
74.69 |
97.88 |
100.65 |
99.31 |
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March |
57.54 |
84.61 |
75.69 |
98.55 |
101.98 |
100.58 |
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1999-00 |
April |
57.47 |
82.77 |
75.59 |
97.07 |
101.85 |
100.34 |
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May |
57.70 |
83.22 |
75.90 |
97.71 |
102.27 |
101.00 |
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June |
57.55 |
83.41 |
75.69 |
97.82 |
101.99 |
101.12 |
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July |
57.45 |
83.47 |
75.57 |
97.89 |
101.82 |
101.18 |
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August |
56.09 |
81.85 |
73.78 |
95.99 |
99.41 |
99.22 |
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September |
55.48 |
81.11 |
72.97 |
95.12 |
98.33 |
98.33 |
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October |
54.99 |
81.15 |
72.33 |
95.16 |
97.47 |
98.37 |
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November |
55.60 |
82.18 |
73.14 |
96.38 |
98.55 |
99.63 |
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December |
55.67 |
81.70 |
73.22 |
95.82 |
98.66 |
99.04 |
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January |
55.60 |
81.45 |
73.13 |
95.52 |
98.55 |
98.74 |
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February |
56.64 |
82.93 |
74.50 |
97.25 |
100.39 |
100.54 |
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March |
56.82 |
84.55 |
74.74 |
99.16 |
100.70 |
102.49 |
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2000-01 |
April |
56.97 |
85.80 |
74.94 |
100.62 |
100.98 |
104.01 |
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May |
57.78 |
87.04 |
76.00 |
102.08 |
102.39 |
105.51 |
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June |
56.05 |
84.62 |
73.73 |
99.24 |
99.35 |
102.58 |
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July |
56.24 |
85.04 |
73.97 |
99.73 |
99.67 |
103.08 |
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August |
55.78 |
84.54 |
73.38 |
99.14 |
98.87 |
102.48 |
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September |
56.38 |
85.74 |
74.17 |
100.55 |
99.94 |
103.94 |
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October |
56.08 |
87.04 |
73.77 |
102.07 |
99.40 |
105.51 |
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November |
55.79 |
86.65 |
73.39 |
101.62 |
98.89 |
105.05 |
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December |
55.25 |
85.99 |
72.65 |
100.85 |
97.90 |
104.25 |
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January |
55.09 |
85.64 |
72.46 |
100.44 |
97.64 |
103.82 |
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February |
55.49 |
85.97 |
72.99 |
100.82 |
98.35 |
104.22 |
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March |
56.06 |
87.01 |
73.74 |
102.04 |
99.35 |
105.48 |
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2001-02 |
April |
56.41 |
87.73 |
74.20 |
102.89 |
99.97 |
106.35 |
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May |
56.45 |
87.64 |
74.26 |
102.78 |
100.05 |
106.24 |
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June |
56.92 |
88.55 |
74.87 |
103.85 |
100.88 |
107.35 |
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July |
56.77 |
88.82 |
74.68 |
104.17 |
100.62 |
107.68 |
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August |
55.74 |
87.35 |
73.32 |
102.44 |
98.79 |
105.89 |
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September |
54.53 |
85.29 |
71.73 |
100.02 |
96.65 |
103.39 |
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October |
(P) |
54.44 |
85.78 |
71.61 |
100.60 |
96.49 |
103.99 |
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November |
(P) |
54.95 |
86.69 |
72.27 |
101.67 |
97.38 |
105.09 |
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December |
(P) |
55.37 |
87.20 |
72.84 |
102.26 |
98.14 |
105.71 |
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January |
(P) |
55.47 |
86.87 |
72.96 |
101.88 |
98.31 |
105.31 |
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February |
(P) |
55.46 |
86.54 |
72.95 |
101.48 |
98.30 |
104.90 |
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March |
(P) |
55.10 |
86.43 |
72.48 |
101.36 |
97.66 |
104.78 |
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As on |
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March |
22 |
(P) |
54.95 |
85.84 |
72.28 |
100.67 |
97.40 |
104.06 |
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March |
28 |
(P) |
55.17 |
86.22 |
72.57 |
101.12 |
97.78 |
104.52 |
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April |
5 |
(P) |
54.97 |
85.80 |
72.31 |
100.62 |
97.43 |
104.01 |
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April |
12 |
(P) |
54.82 |
85.57 |
72.11 |
100.35 |
97.17 |
103.73 |
Notes. |
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1 |
Rise in indices indicates appreciation of rupee and vice versa |
2. |
For "Note on Methodology" on the indices presented here, please see Page S 653 of July 1998 issue of this Bulletin. |
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3. |
It may be recalled that in the aforesaid Note on Methodology, it was indicated that the base year 1996-97 would be a moving one. Accordingly, with effect from April 1999, the base year 1996-97 has been shifted forward to 1997-98. Again, with effect from April 2000, the base year 1997-98 has been shifted forward to 1998-99 and with effect from April 2001, the base year has been shifted forward to 1999-00. |
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4. |
The indiceson REER have been recalculated from April 1993 onwards using the new Wholesale Price Index (WPI) series with base year 1993-94. |