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 October 11, 2019
36. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee
Item | 2017-18 | 2018-19 | 2018 | 2019 | |
September | August | September | |||
1 | 2 | 3 | 4 | 5 | |
36-Currency Export and Trade Based Weights (Base: 2004-05=100) | |||||
1 Trade-Based Weights | |||||
1.1 NEER | 76.94 | 72.64 | 70.94 | 73.33 | 73.22 |
1.2 REER | 119.71 | 114.01 | 111.31 | 115.74 | 115.57 |
2 Export-Based Weights | |||||
2.1 NEER | 78.89 | 74.18 | 72.32 | 74.68 | 74.52 |
2.2 REER | 121.94 | 116.32 | 113.38 | 118.30 | 118.05 |
6-Currency Trade Based Weights | |||||
1 Base: 2004-05 (April-March) =100 | |||||
1.1 NEER | 67.91 | 63.07 | 61.35 | 63.67 | 63.80 |
1.2 REER | 129.19 | 121.70 | 118.69 | 124.91 | 125.20 |
2 Base: 2017-18 (April-March) =100 | |||||
2.1 NEER | 100.00 | 92.88 | 90.34 | 93.76 | 93.95 |
2.2 REER | 100.00 | 94.20 | 91.88 | 96.69 | 96.92 |
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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