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 February 11, 2020
36. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee
Item | 2017-18 | 2018-19 | 2019 | 2020 | |
January | December | January | |||
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 | 72.23 | 72.67 | 72.26 |
1.2 REER | 119.71 | 114.01 | 113.29 | 117.85 | 117.18 |
2 Export-Based Weights | |||||
2.1 NEER | 78.89 | 74.18 | 73.81 | 74.00 | 73.72 |
2.2 REER | 121.94 | 116.32 | 115.55 | 120.35 | 119.90 |
6-Currency Trade Based Weights | |||||
1 Base: 2004-05 (April-March) =100 | |||||
1.1 NEER | 67.91 | 63.07 | 62.76 | 63.35 | 62.98 |
1.2 REER | 129.19 | 121.70 | 120.67 | 128.72 | 127.22 |
2 Base: 2017-18 (April-March) =100 | |||||
2.1 NEER | 100.00 | 92.88 | 92.42 | 93.28 | 92.74 |
2.2 REER | 100.00 | 94.20 | 93.41 | 99.64 | 98.47 |
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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