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 November 20, 2024
36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee
| Item | 2022-23 | 2023-24 | 2023 | 2024 | |
| Oct | Sep | Oct | |||
| 1 | 2 | 3 | 4 | 5 | |
| 40-Currency Basket (Base: 2015-16=100) | |||||
| 1 Trade-Weighted | |||||
| 1.1 NEER | 91.20 | 90.73 | 91.69 | 90.39 | 90.93 |
| 1.2 REER | 102.78 | 103.70 | 105.13 | 105.34 | 107.21 |
| 2 Export-Weighted | |||||
| 2.1 NEER | 93.01 | 93.11 | 94.01 | 93.07 | 93.51 |
| 2.2 REER | 101.10 | 101.21 | 102.41 | 102.68 | 104.28 |
| 6-Currency Basket (Trade-weighted) | |||||
| 1 Base : 2015-16 =100 | |||||
| 1.1 NEER | 85.93 | 83.62 | 84.50 | 81.54 | 81.99 |
| 1.2 REER | 101.80 | 101.66 | 103.07 | 102.52 | 104.38 |
| 2 Base : 2022-23 =100 | |||||
| 2.1 NEER | 100.00 | 97.31 | 98.33 | 94.89 | 95.42 |
| 2.2 REER | 100.00 | 99.86 | 101.24 | 100.71 | 102.53 |
| Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2021-22 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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