36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee - RBI - Reserve Bank of India
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Published on March 17, 2022
36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee
Item | 2019-20 | 2020-21 | 2021 | 2022 | |
February | January | February | |||
1 | 2 | 3 | 4 | 5 | |
40-Currency Basket (Base: 2015-16=100) | |||||
1 Trade-weighted | |||||
1.1 NEER | 98.00 | 93.92 | 94.24 | 94.53 | 93.74 |
1.2 REER | 103.20 | 103.46 | 103.46 | 104.80 | 103.64 |
2 Export-weighted | |||||
2.1 NEER | 97.38 | 93.59 | 93.78 | 94.71 | 93.91 |
2.2 REER | 102.88 | 102.96 | 103.06 | 104.31 | 103.16 |
6-Currency Basket (Trade-weighted) | |||||
1 Base: 2015-16 = 100 | |||||
1.1 NEER | 94.87 | 88.46 | 87.90 | 87.60 | 86.91 |
1.2 REER | 103.56 | 101.87 | 101.18 | 103.17 | 102.36 |
2 Base: 2019-20 = 100 | |||||
2.1 NEER | 100.00 | 93.24 | 92.66 | 92.33 | 91.61 |
2.2 REER | 100.00 | 98.36 | 97.70 | 99.62 | 98.84 |
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2019-20 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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