36. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee - RBI - Reserve Bank of India
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Published on January 11, 2016
36. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee
Item | 2013-14 | 2014-15 | 2014 | 2015 | |
December | November | December | |||
1 | 2 | 3 | 4 | 5 | |
36-Currency Export and Trade Based Weights (Base: 2004-05=100) | |||||
1 Trade-Based Weights | |||||
1.1 NEER | 72.32 | 74.07 | 73.63 | 74.82 | 74.59 |
1.2 REER | 103.27 | 108.96 | 108.76 | 113.21 | 112.86 |
2 Export-Based Weights | |||||
2.1 NEER | 73.56 | 75.22 | 74.62 | 76.45 | 76.18 |
2.2 REER | 105.48 | 111.25 | 110.95 | 115.49 | 115.08 |
6-Currency Trade Based Weights | |||||
1 Base: 2004-05 (April-March) =100 | |||||
1.1 NEER | 67.76 | 68.60 | 67.82 | 67.69 | 67.37 |
1.2 REER | 112.79 | 119.92 | 119.72 | 125.26 | 124.67 |
2 Base: 2014-15 (April-March) =100 | |||||
2.1 NEER | 98.78 | 100.00 | 98.87 | 98.68 | 98.22 |
2.2 REER | 94.06 | 100.00 | 99.83 | 104.46 | 103.96 |
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2012-13 is a moving one, which gets updated every year. REER figures are based on Consumer Price Index (combined). Methodological details are available in December 2005 and April 2014 issues of the Bulletin. |
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