No. 51 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee

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شائع کیا گیا پر جولائی 10, 2002

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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 (April-March) = 100		Base: 1993-94 (April-March)= 100		Base: 2000-01 (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	237.29	140.34
1991-92				100.00	100.00	131.54	116.48	178.31	116.38
1992-93				89.57	96.42	117.81	112.31	159.71	111.08
1993-94				76.02	85.85	100.00	100.00	135.56	99.24
1993-94				76.02	85.85	100.00	100.00	135.56	99.24
1994-95				73.06	90.23	96.09	105.81	130.27	105.01
1995-96				66.67	87.23	87.69	102.29	118.89	101.51
1996-97				65.67	88.20	86.38	103.43	117.21	102.64
1997-98				65.71	90.25	86.43	105.84	117.23	105.03
1998-99				58.12	83.38	76.45	97.79	103.64	97.04
1999-00				56.42	82.49	74.22	96.74	100.61	96.00
2000-01				56.08	85.92	73.77	100.76	100.00	100.00
2001-02	(P)			55.64	87.05	73.18	102.09	99.21	101.31

1993-94	April			75.39	81.43	99.16	94.84	134.43	99.19
	May			75.17	81.54	98.88	94.98	134.05	98.70
	June			75.46	82.67	99.26	96.29	134.55	99.02
	July			76.49	84.45	100.61	98.37	136.40	100.32
	August			75.90	84.95	99.84	98.95	135.34	99.35
	September			74.98	85.19	98.63	99.22	133.70	97.91
	October			75.57	87.24	99.40	101.62	134.76	98.51
	November			76.57	88.23	100.72	102.76	136.54	99.83
	December			76.78	88.40	100.99	102.97	136.91	100.03
	January			77.34	89.22	101.73	103.92	137.91	100.53
	February			76.70	88.92	100.88	103.58	136.76	99.36
	March			75.94	88.01	99.89	102.51	135.41	98.08

1994-95	April			75.88	90.00	99.81	104.83	135.31	105.03
	May			75.27	90.49	99.01	105.40	134.22	104.77
	June			74.60	90.19	98.13	105.06	133.03	105.38
	July			73.18	89.56	96.25	104.32	130.48	104.48
	August			73.31	89.73	96.42	104.51	130.71	104.95
	September			72.82	88.87	95.78	103.51	129.84	104.14
	October			72.05	88.24	94.78	102.78	128.48	103.59
	November			72.33	89.04	95.14	103.72	128.98	104.39
	December			73.28	91.37	96.39	106.43	130.67	106.89
	January			72.67	91.43	95.59	106.50	129.58	107.27
	February			72.14	91.00	94.89	105.99	128.63	106.88
	March			69.14	87.20	90.94	101.57	123.28	102.30

1995-96	April			68.18	86.61	89.68	100.88	121.58	102.49
	May			68.92	88.38	90.66	102.95	122.90	104.19
	June			68.69	88.22	90.35	102.76	122.48	104.12
	July			68.96	89.21	90.71	103.91	122.97	105.76
	August			70.37	91.42	92.56	106.49	125.47	107.54
	September			68.04	88.51	89.50	103.09	121.32	103.80
	October			64.80	84.49	85.23	98.41	115.55	99.14
	November			64.63	84.72	85.01	98.68	115.24	99.17
	December			64.64	84.29	85.03	98.18	115.26	98.71
	January			63.75	82.72	83.85	96.35	113.67	97.11
	February			62.39	80.89	82.06	94.22	111.32	94.99
	March			66.62	86.51	87.63	100.76	118.94	101.13

1996-97	April			67.47	88.05	88.75	102.56	120.43	103.24
	May			66.19	86.94	87.07	101.27	118.18	101.84
	June			66.26	87.36	87.16	101.75	118.30	102.39
	July			65.03	87.12	85.54	101.47	116.07	101.94
	August			64.28	86.99	84.56	101.33	114.77	101.33
	September			64.63	87.85	85.01	102.33	115.39	101.82
	October			65.13	88.64	85.67	103.24	116.25	102.16
	November			64.28	87.95	84.56	102.45	114.73	101.00
	December			64.67	88.53	85.07	103.11	115.43	101.88
	January			65.49	89.50	86.14	104.24	116.88	102.80
	February			67.11	91.94	88.27	107.09	119.75	105.47
	March			67.44	92.10	88.71	107.27	120.35	105.87

1997-98	April			67.84	92.62	89.24	107.88	120.99	107.72
	May			67.03	91.40	88.16	106.46	119.61	106.14
	June			66.71	91.03	87.74	106.03	119.08	106.02
	July			67.40	92.31	88.66	107.52	120.25	107.13
	August			68.45	93.95	90.04	109.44	122.08	108.84
	September			67.19	92.55	88.38	107.80	119.89	107.42
	October			67.05	93.21	88.20	108.57	119.66	107.34
	November			65.03	90.46	85.54	105.36	116.00	103.98
	December			62.71	87.93	82.48	102.42	111.89	100.76
	January			63.04	89.50	82.92	104.24	112.45	102.10
	February			63.39	89.72	83.38	104.50	113.11	102.07
	March			62.65	88.24	82.40	102.79	111.78	100.81

1998-99	April			62.55	89.18	82.27	103.88	111.53	102.08
	May			61.45	88.19	80.82	102.72	109.57	101.00
	June			59.35	86.10	78.08	100.29	105.84	98.71
	July			59.07	86.81	77.70	101.11	105.34	99.17
	August			59.04	87.05	77.66	101.40	105.28	98.71
	September			57.56	85.55	75.71	99.64	102.64	96.18
	October			56.01	83.60	73.68	97.37	99.87	94.23
	November			56.50	84.31	74.31	98.20	100.74	95.47
	December			55.84	82.63	73.45	96.25	99.58	94.09
	January			55.75	82.31	73.33	95.87	99.40	92.94
	February			56.78	84.03	74.69	97.88	101.26	95.34
	March			57.54	84.61	75.69	98.55	102.61	96.56

1999-00	April			57.47	82.77	75.59	97.07	102.47	96.32
	May			57.70	83.22	75.90	97.71	102.89	96.97
	June			57.55	83.41	75.69	97.82	102.61	97.07
	July			57.45	83.47	75.57	97.89	102.44	97.14
	August			56.09	81.85	73.78	95.99	100.02	95.25
	September			55.48	81.11	72.97	95.12	98.93	94.40
	October			54.99	81.15	72.33	95.16	98.06	94.44
	November			55.60	82.18	73.14	96.38	99.15	95.65
	December			55.67	81.70	73.22	95.82	99.26	95.09
	January			55.60	81.45	73.13	95.52	99.15	94.80
	February			56.64	82.93	74.50	97.25	101.00	96.52
	March			56.82	84.55	74.74	99.16	101.32	98.40

2000-01	April			56.97	85.80	74.94	100.62	101.59	99.86
	May			57.78	87.04	76.00	102.08	103.02	101.29
	June			56.05	84.62	73.73	99.24	99.95	98.48
	July			56.24	85.04	73.97	99.73	100.28	98.96
	August			55.78	84.54	73.38	99.14	99.47	98.38
	September			56.38	85.74	74.17	100.55	100.55	99.79
	October			56.08	87.04	73.77	102.07	100.01	101.30
	November			55.79	86.65	73.39	101.62	99.50	100.85
	December			55.25	85.99	72.65	100.85	98.49	100.09
	January			55.09	85.64	72.46	100.44	98.23	99.67
	February			55.49	85.97	72.99	100.82	98.95	100.05
	March			56.06	87.01	73.74	102.04	99.97	101.28

2001-02	April			56.41	87.73	74.20	102.89	100.58	102.16
	May			56.45	87.64	74.26	102.78	100.67	102.03
	June			56.92	88.55	74.87	103.85	101.51	103.12
	July			56.77	88.82	74.68	104.17	101.24	103.38
	August			55.74	87.35	73.32	102.44	99.39	101.66
	September			54.53	85.29	71.73	100.02	97.24	99.25
	October			54.44	85.78	71.61	100.60	97.08	99.84
	November			54.95	86.69	72.27	101.67	97.97	100.89
	December			55.37	87.20	72.84	102.26	98.74	101.49
	January		(P)	55.47	86.76	72.96	101.75	98.91	100.98
	February		(P)	55.46	86.48	72.95	101.42	98.89	100.64
	March		(P)	55.10	86.22	72.48	101.12	98.25	100.35

2002-03	April		(P)	54.65	85.45	71.88	100.21	97.44	99.44
	May		(P)	53.57	84.10	70.46	98.62	95.52	97.87
	As on
	May	24	(P)	53.46	83.53	70.31	97.96	95.32	97.22
	May	31	(P)	52.96	82.82	69.66	97.12	94.43	96.38
	June	7	(P)	52.93	83.15	69.63	97.52	94.39	96.77
	June	14	(P)	52.96	83.19	69.66	97.56	94.43	96.81

Notes	: 1. Rise in indices indicates 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 2002, the base year 1999-00 has been shifted forward to 2000-01.
	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.