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 April 11, 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 | |
March | February | March | |||
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 | 74.94 | 71.63 | 73.52 |
1.2 REER | 114.52 | 119.71 | 116.61 | 112.33 | 115.29 |
2 Export-Based Weights | |||||
2.1 NEER | 76.38 | 78.89 | 77.11 | 73.18 | 75.11 |
2.2 REER | 116.45 | 121.94 | 118.89 | 114.56 | 117.58 |
6-Currency Trade Based Weights | |||||
1 Base: 2004-05 (April-March) =100 | |||||
1.1 NEER | 66.86 | 67.91 | 65.12 | 62.29 | 63.88 |
1.2 REER | 125.17 | 129.19 | 124.44 | 119.71 | 123.25 |
2 Base: 2017-18 (April-March) =100 | |||||
2.1 NEER | 98.46 | 100.00 | 95.89 | 91.73 | 94.06 |
2.2 REER | 96.89 | 100.00 | 96.32 | 92.66 | 95.40 |
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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