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 June 12, 2017
36. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee
Item | 2015-16 | 2016-17 | 2016 | 2017 | |
May | April | May | |||
1 | 2 | 3 | 4 | 5 | |
36-Currency Export and Trade Based Weights (Base: 2004-05=100) | |||||
1 Trade-Based Weights | |||||
1.1 NEER | 74.76 | 74.66 | 73.37 | 78.82 | 78.30 |
1.2 REER | 112.07 | 114.50 | 112.11 | 120.03 | 119.24 |
2 Export-Based Weights | |||||
2.1 NEER | 76.45 | 76.39 | 75.30 | 80.72 | 80.12 |
2.2 REER | 114.44 | 116.45 | 114.45 | 121.82 | 120.92 |
6-Currency Trade Based Weights | |||||
1 Base: 2004-05 (April-March) =100 | |||||
1.1 NEER | 67.52 | 67.17 | 65.81 | 70.98 | 70.44 |
1.2 REER | 122.71 | 125.99 | 123.11 | 132.67 | 131.66 |
2 Base: 2015-16 (April-March) =100 | |||||
2.1 NEER | 100.00 | 99.47 | 97.46 | 105.11 | 104.31 |
2.2 REER | 100.00 | 102.67 | 100.33 | 108.11 | 107.29 |
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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