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

Item 2022-23 2023-24 2023 2024
May Apr May
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-Weighted          
1.1 NEER 91.27 90.76 89.21 92.19 92.22
1.2 REER 102.86 103.73 100.49 103.47 104.76
2 Export-Weighted          
2.1 NEER 93.03 93.13 91.58 94.58 94.67
2.2 REER 101.12 101.23 98.45 100.41 101.62
6-Currency Basket (Trade-weighted)          
1 Base : 2015-16 =100          
1.1 NEER 85.93 83.65 83.25 83.78 83.66
1.2 REER 101.80 101.79 99.21 102.12 102.37
2 Base : 2021-22 =100          
2.1 NEER 98.72 96.10 95.64 96.25 96.12
2.2 REER 99.69 99.68 97.15 100.00 100.25
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2021-22 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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