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 August 10, 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 | |
July | June | July | |||
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 | 73.96 | 77.85 | 77.61 |
1.2 REER | 112.07 | 114.50 | 114.17 | 118.25 | 117.89 |
2 Export-Based Weights | |||||
2.1 NEER | 76.45 | 76.39 | 75.51 | 79.76 | 79.49 |
2.2 REER | 114.44 | 116.44 | 116.10 | 120.25 | 119.86 |
6-Currency Trade Based Weights | |||||
1 Base: 2004-05 (April-March) =100 | |||||
1.1 NEER | 67.52 | 67.17 | 66.53 | 69.85 | 69.26 |
1.2 REER | 122.71 | 125.99 | 125.28 | 131.19 | 130.07 |
2 Base: 2015-16 (April-March) =100 | |||||
2.1 NEER | 100.00 | 99.47 | 98.53 | 103.45 | 102.57 |
2.2 REER | 100.00 | 102.67 | 102.09 | 106.90 | 105.99 |
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2012-13 isa 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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