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 December 20, 2022
36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee
Item | 2020-21 | 2021-22 | 2021 | 2022 | |
November | October | November | |||
1 | 2 | 3 | 4 | 5 | |
40-Currency Basket (Base: 2015-16=100) | |||||
1 Trade-weighted | |||||
1.1 NEER | 93.92 | 93.13 | 93.50 | 91.90 | 91.68 |
1.2 REER | 103.46 | 104.66 | 106.45 | 103.66 | 103.07 |
2 Export-weighted | |||||
2.1 NEER | 93.59 | 93.55 | 94.03 | 92.84 | 92.69 |
2.2 REER | 102.96 | 103.48 | 105.32 | 101.66 | 101.08 |
6-Currency Basket (Trade-weighted) | |||||
1 Base: 2015-16 = 100 | |||||
1.1 NEER | 88.45 | 87.03 | 87.60 | 86.92 | 86.33 |
1.2 REER | 101.84 | 102.27 | 104.21 | 103.58 | 102.78 |
2 Base: 2020-21 = 100 | |||||
2.1 NEER | 100.00 | 98.39 | 99.04 | 98.27 | 97.60 |
2.2 REER | 100.00 | 100.42 | 102.33 | 101.71 | 100.93 |
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2020-21 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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