No. 51 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee - ربی - 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) |
Year / Month/ Day |
Base: 1991-92 |
Base: 1993-94 |
Base: 1998-99 |
|||||
(April-March) =100 |
(April-March) =100 |
(April-March) =100 |
||||||
|
|
NEER |
REER |
NEER |
REER |
NEER |
REER |
|
1 |
|
2 |
3 |
4 |
5 |
6 |
7 |
|
1990-91 |
133.07 |
121.64 |
175.04 |
141.69 |
228.96 |
144.62 |
||
1991-92 |
100.00 |
100.00 |
131.54 |
116.48 |
172.05 |
118.88 |
||
1992-93 |
89.57 |
96.42 |
117.81 |
112.31 |
153.57 |
114.62 |
||
1993-94 |
|
76.02 |
85.85 |
100.00 |
100.00 |
130.80 |
102.00 |
|
1993-94 |
76.02 |
85.27 |
100.00 |
100.00 |
130.80 |
102.26 |
||
1994-95 |
73.06 |
90.23 |
96.09 |
105.81 |
125.69 |
108.21 |
||
1995-96 |
66.67 |
87.23 |
87.69 |
102.29 |
114.72 |
104.61 |
||
1996-97 |
65.67 |
88.20 |
86.38 |
103.43 |
113.09 |
105.78 |
||
1997-98 |
65.71 |
90.25 |
86.43 |
105.84 |
113.12 |
108.23 |
||
1998-99 |
58.12 |
83.38 |
76.45 |
97.79 |
100.00 |
100.00 |
||
1999-2000 (P) |
56.42 |
82.49 |
74.22 |
96.74 |
97.08 |
98.93 |
||
1993-94 |
April |
75.39 |
85.23 |
99.16 |
99.95 |
129.71 |
102.21 |
|
May |
75.17 |
84.81 |
98.88 |
99.46 |
129.34 |
101.71 |
||
June |
75.46 |
85.08 |
99.26 |
99.78 |
129.83 |
102.04 |
||
July |
76.49 |
86.20 |
100.61 |
101.09 |
131.61 |
103.38 |
||
August |
75.90 |
85.36 |
99.84 |
100.11 |
130.59 |
102.38 |
||
September |
74.98 |
84.13 |
98.63 |
98.67 |
129.01 |
100.90 |
||
October |
75.57 |
84.65 |
99.40 |
99.27 |
130.02 |
101.52 |
||
November |
76.57 |
85.78 |
100.72 |
100.60 |
131.74 |
102.88 |
||
December |
76.78 |
85.95 |
100.99 |
100.80 |
132.10 |
103.08 |
||
January |
77.34 |
86.38 |
101.73 |
101.31 |
133.07 |
103.60 |
||
February |
76.70 |
85.38 |
100.88 |
100.13 |
131.96 |
102.40 |
||
March |
75.94 |
84.27 |
99.89 |
98.83 |
130.66 |
101.07 |
||
1994-95 |
April |
75.88 |
90.25 |
99.81 |
105.84 |
130.56 |
108.24 |
|
May |
75.27 |
90.03 |
99.01 |
105.58 |
129.51 |
107.97 |
||
June |
74.60 |
90.55 |
98.13 |
106.19 |
128.36 |
108.60 |
||
July |
73.18 |
89.78 |
96.25 |
105.29 |
125.90 |
107.67 |
||
August |
73.31 |
90.18 |
96.42 |
105.75 |
126.13 |
108.15 |
||
September |
72.82 |
89.48 |
95.78 |
104.94 |
125.28 |
107.31 |
||
October |
72.05 |
89.01 |
94.78 |
104.39 |
123.97 |
106.74 |
||
November |
72.33 |
89.70 |
95.14 |
105.19 |
124.45 |
107.58 |
||
December |
73.28 |
91.85 |
96.39 |
107.72 |
126.08 |
110.15 |
||
January |
72.67 |
92.17 |
95.59 |
108.09 |
125.03 |
110.54 |
||
February |
72.14 |
91.84 |
94.89 |
107.70 |
124.11 |
110.14 |
||
March |
69.14 |
87.90 |
90.94 |
103.08 |
118.95 |
105.42 |
||
1995-96 |
April |
68.18 |
88.07 |
89.68 |
103.28 |
117.31 |
105.62 |
|
May |
68.92 |
89.53 |
90.66 |
104.99 |
118.59 |
107.37 |
||
June |
68.69 |
89.46 |
90.35 |
104.92 |
118.18 |
107.29 |
||
July |
68.96 |
90.88 |
90.71 |
106.57 |
118.65 |
108.99 |
||
August |
70.37 |
92.41 |
92.56 |
108.37 |
121.07 |
110.82 |
||
September |
68.04 |
89.19 |
89.50 |
104.60 |
117.06 |
106.97 |
||
October |
64.80 |
85.18 |
85.23 |
99.90 |
111.49 |
102.16 |
||
November |
64.63 |
85.21 |
85.01 |
99.93 |
111.19 |
102.19 |
||
December |
64.64 |
84.82 |
85.03 |
99.47 |
111.22 |
101.72 |
||
January |
63.75 |
83.44 |
83.85 |
97.86 |
109.68 |
100.07 |
||
February |
62.39 |
81.62 |
82.06 |
95.72 |
107.41 |
97.89 |
||
March |
66.62 |
86.90 |
87.63 |
101.91 |
114.76 |
104.22 |
||
1996-97 |
April |
67.47 |
88.71 |
88.75 |
104.04 |
116.20 |
106.39 |
|
May |
66.19 |
87.50 |
87.07 |
102.62 |
114.03 |
104.94 |
||
June |
66.26 |
87.98 |
87.16 |
103.18 |
114.15 |
105.51 |
||
July |
65.03 |
87.59 |
85.54 |
102.72 |
111.99 |
105.05 |
||
August |
64.28 |
87.07 |
84.56 |
102.11 |
110.74 |
104.42 |
||
September |
64.63 |
87.49 |
85.01 |
102.60 |
111.34 |
104.93 |
||
October |
65.13 |
87.78 |
85.67 |
102.94 |
112.17 |
105.27 |
||
November |
64.28 |
86.79 |
84.56 |
101.78 |
110.70 |
104.08 |
||
December |
64.67 |
87.54 |
85.07 |
102.66 |
111.37 |
104.98 |
||
January |
65.49 |
88.34 |
86.14 |
103.60 |
112.77 |
105.94 |
||
February |
67.11 |
90.63 |
88.27 |
106.29 |
115.55 |
108.69 |
||
March |
67.44 |
90.97 |
88.71 |
106.68 |
116.12 |
109.10 |
||
1997-98 |
April |
67.84 |
92.56 |
89.24 |
108.55 |
116.75 |
111.01 |
|
May |
67.03 |
91.21 |
88.16 |
106.96 |
115.41 |
109.38 |
||
June |
66.71 |
91.10 |
87.74 |
106.84 |
114.90 |
109.25 |
||
July |
67.40 |
92.05 |
88.66 |
107.95 |
116.03 |
110.40 |
||
August |
68.45 |
93.52 |
90.04 |
109.68 |
117.80 |
112.16 |
||
September |
67.19 |
92.30 |
88.38 |
108.25 |
115.68 |
110.70 |
||
October |
67.05 |
92.23 |
88.20 |
108.16 |
115.46 |
110.61 |
||
November |
65.03 |
89.35 |
85.54 |
104.78 |
111.93 |
107.15 |
||
December |
62.71 |
86.58 |
82.48 |
101.53 |
107.96 |
103.83 |
||
January |
63.04 |
87.73 |
82.92 |
102.89 |
108.50 |
105.22 |
||
February |
63.39 |
87.71 |
83.38 |
102.86 |
109.14 |
105.19 |
||
March |
62.65 |
86.63 |
82.40 |
101.59 |
107.86 |
103.89 |
||
1998-99 |
April |
62.55 |
87.71 |
82.27 |
102.87 |
107.61 |
105.19 |
|
May |
61.45 |
86.79 |
80.82 |
101.78 |
105.72 |
104.09 |
||
June |
59.35 |
84.82 |
78.08 |
99.47 |
102.12 |
101.72 |
||
July |
59.07 |
85.21 |
77.70 |
99.93 |
101.64 |
102.20 |
||
August |
59.04 |
84.81 |
77.66 |
99.46 |
101.59 |
101.72 |
||
September |
57.56 |
82.65 |
75.71 |
96.92 |
99.04 |
99.12 |
||
October |
56.01 |
80.96 |
73.68 |
94.95 |
96.36 |
97.10 |
||
November |
56.50 |
82.03 |
74.31 |
96.20 |
97.21 |
98.38 |
||
December |
55.84 |
80.85 |
73.45 |
94.81 |
96.08 |
96.96 |
||
January |
55.75 |
79.86 |
73.33 |
93.66 |
95.91 |
95.78 |
||
February |
56.78 |
81.92 |
74.69 |
96.07 |
97.70 |
98.24 |
||
March |
57.54 |
82.97 |
75.69 |
97.31 |
99.00 |
99.51 |
||
1999-2000 |
||||||||
April |
57.47 |
82.77 |
75.59 |
97.07 |
98.87 |
99.26 |
||
May |
57.70 |
83.32 |
75.90 |
97.71 |
99.28 |
99.92 |
||
June |
57.55 |
83.41 |
75.69 |
97.82 |
99.00 |
100.03 |
||
July |
57.45 |
83.47 |
75.57 |
97.89 |
98.85 |
100.10 |
||
August |
56.09 |
81.85 |
73.78 |
95.99 |
96.50 |
98.16 |
||
September |
55.48 |
81.11 |
72.97 |
95.12 |
95.46 |
97.27 |
||
October |
54.99 |
81.15 |
72.34 |
95.16 |
94.62 |
97.32 |
||
November |
55.60 |
82.18 |
73.14 |
96.38 |
95.67 |
98.56 |
||
December |
55.67 |
81.70 |
73.22 |
95.82 |
95.78 |
97.99 |
||
January |
55.60 |
81.45 |
73.13 |
95.52 |
95.66 |
97.68 |
||
February |
56.64 |
82.93 |
74.50 |
97.25 |
97.45 |
99.45 |
||
March |
56.82 |
84.55 |
74.74 |
99.16 |
97.76 |
101.40 |
||
2000-2001 |
||||||||
April (P) |
56.97 |
85.80 |
74.94 |
100.62 |
98.02 |
102.89 |
||
May (P) |
57.78 |
87.04 |
76.00 |
102.08 |
99.41 |
104.39 |
||
June (P) |
56.05 |
84.62 |
73.73 |
99.24 |
96.44 |
101.48 |
||
July (P) |
56.24 |
85.04 |
73.97 |
99.73 |
96.76 |
101.98 |
||
August (P) |
55.78 |
84.54 |
73.38 |
99.14 |
95.98 |
101.39 |
||
September (P) |
56.38 |
85.74 |
74.17 |
100.55 |
97.01 |
102.83 |
||
October (P) |
56.08 |
87.04 |
73.77 |
102.07 |
96.49 |
104.38 |
||
November (P) |
55.79 |
86.49 |
73.39 |
101.44 |
96.00 |
103.73 |
||
December (P) |
55.23 |
85.47 |
72.65 |
100.24 |
95.03 |
102.51 |
||
As on |
||||||||
December 22 (P) |
54.95 |
84.72 |
72.28 |
99.36 |
94.55 |
101.61 |
||
December 29 (P) |
54.76 |
84.36 |
72.02 |
98.93 |
94.21 |
101.17 |
||
January 5 (P) |
54.44 |
83.94 |
71.61 |
98.44 |
93.67 |
100.66 |
||
January 12 (P) |
54.80 |
84.49 |
72.09 |
99.09 |
94.29 |
101.33 |
||
|
January 19 (P) |
55.29 |
85.25 |
72.73 |
99.98 |
95.13 |
102.24 |
See 'Notes on Tables'. |
|
Notes : |
1. Rise in indices indicate 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. |
|
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. |
|
4. The indices on REER have been recalculated from April 1993 onwards using the new wholesale price index (WPI) series with base year 1993-94. |