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

Item 2015-16 2016-17 2017 2018
February January February
1 2 3 4 5
36-Currency Export and Trade Based Weights (Base: 2004-05=100)          
1 Trade-Based Weights          
1.1 NEER 74.75 74.65 75.82 76.88 75.58
1.2 REER 112.08 114.51 115.50 121.57 119.51
2 Export-Based Weights          
2.1 NEER 76.45 76.38 77.62 79.01 77.80
2.2 REER 114.44 116.44 117.29 123.98 122.09
6-Currency Trade Based Weights          
1 Base: 2004-05 (April-March) =100          
1.1 NEER 67.52 66.86 68.15 67.57 65.98
1.2 REER 122.71 125.17 127.03 129.63 126.77
2 Base: 2016-17 (April-March) =100          
2.1 NEER 101.00 100.00 101.93 101.07 98.69
2.2 REER 98.04 100.00 101.49 103.56 101.28
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2016-17 is a moving one, which gets updated every year. REER figures are based on Consumer Price Index (combined).
Methodological details are available in December 2005 and April 2014 issues of the Bulletin.

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