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

Item 2021-22 2022-23 2022 2023
March February March
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-weighted          
1.1 NEER 93.13 91.27 92.74 88.82 89.55
1.2 REER 104.64 102.68 103.32 99.51 99.95
2 Export-weighted          
2.1 NEER 93.55 93.03 93.71 90.76 91.42
2.2 REER 103.46 100.94 102.20 97.79 98.01
6-Currency Basket (Trade-weighted)          
1 Base: 2015-16 = 100          
1.1 NEER 87.03 85.98 86.42 82.83 83.38
1.2 REER 102.27 102.02 100.92 98.29 98.94
2 Base: 2020-21 = 100          
2.1 NEER 98.39 97.20 97.70 93.64 94.27
2.2 REER 100.42 100.18 99.10 96.52 97.16
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2020-21 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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