No. 50 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee - ربی - Reserve Bank of India
No. 50 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee
(36 – country bilateral weights) |
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(Base : 1985 = 100) |
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Year-Month |
Export Based Weights |
Trade Based Weights |
||||||||
REER |
Percentage |
NEER |
Percentage |
REER |
Percentage |
NEER |
Percentage |
|||
Variation |
Variation |
Variation |
Variation |
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|
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
||
|
||||||||||
1990-91 |
73.33 |
-5.2 |
66.19 |
-7.6 |
75.58 |
-3.6 |
67.20 |
-6.9 |
||
1991-92 |
61.36 |
-16.3 |
51.12 |
-22.8 |
64.20 |
-15.1 |
52.51 |
-21.9 |
||
1992-93 |
54.42 |
-11.3 |
42.30 |
-17.3 |
57.08 |
-11.1 |
43.46 |
-17.2 |
||
1993-94 |
59.09 |
8.6 |
43.48 |
2.8 |
61.59 |
7.9 |
44.69 |
2.8 |
||
|
||||||||||
1994-95 |
63.29 |
7.1 |
42.20 |
-2.9 |
66.04 |
7.2 |
43.37 |
-2.9 |
||
1995-96 |
60.94 |
-3.7 |
38.74 |
-8.2 |
63.62 |
-3.7 |
39.73 |
-8.4 |
||
1996-97 |
61.14 |
0.3 |
38.09 |
-1.7 |
63.81 |
0.3 |
38.97 |
-1.9 |
||
1997-98 |
63.76 |
4.3 |
39.93 |
2.2 |
67.02 |
5.0 |
40.01 |
2.7 |
||
1998-99 |
60.13 |
-5.7 |
35.32 |
-9.3 |
63.44 |
-5.3 |
36.34 |
-9.2 |
||
1999-00 |
59.70 |
-0.7 |
34.30 |
-2.9 |
63.29 |
-0.2 |
35.46 |
-2.4 |
||
2000-01 |
(P) |
62.47 |
4.6 |
34.24 |
-0.2 |
66.53 |
5.1 |
35.52 |
0.2 |
|
1998 |
January |
63.27 |
2.3 |
38.39 |
1.9 |
66.87 |
2.5 |
39.60 |
2.0 |
|
February |
62.91 |
-0.6 |
38.41 |
— |
66.38 |
-0.7 |
39.55 |
-0.1 |
||
March |
62.15 |
-1.2 |
37.90 |
-1.3 |
65.51 |
-1.3 |
38.97 |
-1.5 |
||
April |
62.83 |
1.1 |
37.72 |
-0.5 |
66.19 |
1.0 |
38.79 |
-0.5 |
||
May |
62.39 |
-0.7 |
37.25 |
-1.3 |
65.68 |
-0.8 |
38.25 |
-1.4 |
||
June |
61.08 |
-2.1 |
36.13 |
-3.0 |
65.29 |
-2.1 |
37.07 |
-3.1 |
||
July |
61.20 |
0.2 |
35.96 |
-0.5 |
64.49 |
0.3 |
36.92 |
-0.4 |
||
August |
60.99 |
-0.3 |
35.94 |
-0.1 |
64.32 |
-0.3 |
36.92 |
— |
||
September |
59.67 |
-2.2 |
35.09 |
-2.4 |
62.92 |
-2.2 |
36.06 |
-2.3 |
||
October |
58.61 |
-1.8 |
34.12 |
-2.8 |
61.89 |
-1.6 |
35.14 |
-2.5 |
||
November |
59.21 |
1.0 |
34.28 |
0.5 |
62.51 |
1.0 |
35.32 |
0.5 |
||
December |
58.50 |
-1.2 |
33.93 |
-1.0 |
61.80 |
-1.1 |
34.96 |
-1.0 |
||
1999 |
January |
57.91 |
-1.0 |
33.97 |
0.1 |
61.23 |
-0.9 |
35.02 |
0.2 |
|
February |
59.18 |
2.2 |
34.50 |
1.6 |
62.56 |
2.2 |
35.56 |
1.6 |
||
March |
59.96 |
1.3 |
34.98 |
1.4 |
63.40 |
1.3 |
36.07 |
1.4 |
||
April |
59.81 |
-0.3 |
34.88 |
-0.3 |
63.25 |
-0.2 |
35.95 |
-0.3 |
||
May |
60.06 |
0.4 |
34.96 |
0.2 |
63.45 |
0.3 |
36.01 |
0.2 |
||
June |
60.04 |
— |
34.81 |
-0.4 |
63.51 |
0.1 |
35.89 |
-0.3 |
||
July |
60.12 |
0.1 |
34.80 |
— |
63.64 |
0.2 |
35.92 |
0.1 |
||
August |
59.23 |
-1.5 |
34.07 |
-2.1 |
62.73 |
-1.4 |
35.18 |
-2.0 |
||
September |
59.06 |
-0.3 |
33.84 |
-0.7 |
62.59 |
-0.2 |
34.99 |
-0.5 |
||
October |
59.01 |
-0.1 |
33.51 |
-1.0 |
62.58 |
— |
34.66 |
-0.9 |
||
November |
59.69 |
1.2 |
33.91 |
1.2 |
63.40 |
1.3 |
35.12 |
1.3 |
||
December |
59.19 |
-0.8 |
33.91 |
— |
62.91 |
-0.8 |
35.16 |
0.1 |
||
2000 |
January |
59.09 |
-0.2 |
33.91 |
— |
62.74 |
-0.3 |
35.13 |
-0.1 |
|
February |
59.94 |
1.4 |
34.45 |
1.6 |
63.66 |
1.5 |
35.67 |
1.5 |
||
March |
61.18 |
2.1 |
34.56 |
0.3 |
65.07 |
2.2 |
35.83 |
0.5 |
||
April |
62.23 |
1.7 |
34.69 |
0.4 |
66.29 |
1.9 |
36.01 |
0.5 |
||
May |
63.07 |
1.3 |
35.18 |
1.4 |
67.21 |
1.4 |
36.53 |
1.4 |
||
June |
61.34 |
-2.7 |
34.15 |
-2.9 |
65.30 |
-2.8 |
35.40 |
-3.1 |
||
July |
61.68 |
0.5 |
34.31 |
0.5 |
65.65 |
0.5 |
35.57 |
0.5 |
||
August |
61.15 |
-0.9 |
33.95 |
-1.0 |
65.15 |
-0.8 |
35.23 |
-1.0 |
||
September |
61.98 |
1.3 |
34.24 |
0.8 |
66.08 |
1.4 |
35.56 |
0.9 |
||
October |
(P) |
63.26 |
2.1 |
34.27 |
0.1 |
67.53 |
2.2 |
35.64 |
0.2 |
|
November |
(P) |
63.09 |
-0.3 |
34.11 |
-0.5 |
67.30 |
-0.3 |
35.46 |
-0.5 |
|
December |
(P) |
62.52 |
-0.9 |
33.73 |
-1.1 |
66.57 |
-1.1 |
34.97 |
-1.4 |
|
2001 |
January |
(P) |
62.60 |
0.1 |
33.79 |
0.2 |
66.51 |
-0.1 |
34.95 |
-0.1 |
February |
(P) |
62.89 |
0.5 |
34.05 |
0.8 |
66.89 |
0.6 |
35.23 |
0.8 |
|
March |
(P) |
63.81 |
1.5 |
34.46 |
1.2 |
67.86 |
1.5 |
35.66 |
1.2 |
|
April |
(P) |
64.38 |
0.9 |
34.71 |
0.7 |
68.41 |
0.8 |
35.91 |
0.7 |
|
May |
(P) |
64.41 |
— |
34.76 |
0.2 |
68.42 |
— |
35.95 |
0.1 |
|
June |
(P) |
64.99 |
0.9 |
35.02 |
0.7 |
69.11 |
1.0 |
36.24 |
0.8 |
|
July |
(P) |
65.05 |
0.1 |
34.92 |
-0.3 |
69.18 |
0.1 |
36.14 |
-0.3 |
|
August |
(P) |
64.08 |
-1.5 |
34.30 |
-1.8 |
68.02 |
-1.6 |
35.45 |
-1.9 |
|
September |
(P) |
63.06 |
-1.6 |
33.71 |
-1.7 |
66.99 |
-1.5 |
34.87 |
-1.6 |
|
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Note: The indices on REER have been recalculated from April 1994 onwards using the new Wholesale Price Index (WPI) series with base year 1993-94 = 100. |