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 March 10, 2018
36. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee
| Item | 2015-16 | 2016-17 | 2017 | 2018 | |
| February | January | February | |||
| 1 | 2 | 3 | 4 | 5 | |
| 36-Currency Export and Trade Based Weights (Base: 2004-05=100) | |||||
| 1 Trade-Based Weights | |||||
| 1.1 NEER | 74.75 | 74.65 | 75.82 | 76.88 | 75.58 |
| 1.2 REER | 112.08 | 114.51 | 115.50 | 121.57 | 119.51 |
| 2 Export-Based Weights | |||||
| 2.1 NEER | 76.45 | 76.38 | 77.62 | 79.01 | 77.80 |
| 2.2 REER | 114.44 | 116.44 | 117.29 | 123.98 | 122.09 |
| 6-Currency Trade Based Weights | |||||
| 1 Base: 2004-05 (April-March) =100 | |||||
| 1.1 NEER | 67.52 | 66.86 | 68.15 | 67.57 | 65.98 |
| 1.2 REER | 122.71 | 125.17 | 127.03 | 129.63 | 126.77 |
| 2 Base: 2016-17 (April-March) =100 | |||||
| 2.1 NEER | 101.00 | 100.00 | 101.93 | 101.07 | 98.69 |
| 2.2 REER | 98.04 | 100.00 | 101.49 | 103.56 | 101.28 |
| Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2016-17 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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