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 12, 2019
36. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee
Item | 2016-17 | 2017-18 | 2018 | 2019 | |
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 | 74.65 | 76.94 | 75.56 | 72.32 | 71.63 |
1.2 REER | 114.52 | 119.71 | 117.44 | 113.84 | 112.76 |
2 Export-Based Weights | |||||
2.1 NEER | 76.38 | 78.89 | 77.78 | 73.88 | 73.18 |
2.2 REER | 116.45 | 121.94 | 119.95 | 116.26 | 115.16 |
6-Currency Trade Based Weights | |||||
1 Base: 2004-05 (April-March) =100 | |||||
1.1 NEER | 66.86 | 67.91 | 65.79 | 62.76 | 62.29 |
1.2 REER | 125.17 | 129.19 | 125.12 | 120.76 | 119.46 |
2 Base: 2017-18 (April-March) =100 | |||||
2.1 NEER | 98.46 | 100.00 | 96.88 | 92.42 | 91.73 |
2.2 REER | 96.89 | 100.00 | 96.85 | 93.47 | 92.47 |
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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