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 December 24, 2020
36. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee
Item | 2018-19 | 2019-20 | 2019 | 2020 | |
November | October | November | |||
1 | 2 | 3 | 4 | 5 | |
36-Currency Export and Trade Based Weights (Base: 2004-05=100) | |||||
1 Trade-Based Weights | |||||
1.1 NEER | 72.64 | 73.28 | 72.69 | 70.67 | 69.33 |
1.2 REER | 114.01 | 116.75 | 117.42 | 119.25 | 116.99 |
2 Export-Based Weights | |||||
2.1 NEER | 74.18 | 74.33 | 73.68 | 71.90 | 70.66 |
2.2 REER | 116.32 | 119.61 | 120.24 | 123.13 | 121.01 |
6-Currency Trade Based Weights | |||||
1 Base: 2004-05 (April-March) =100 | |||||
1.1 NEER | 63.07 | 63.59 | 63.28 | 59.58 | 58.53 |
1.2 REER | 121.70 | 125.76 | 126.69 | 126.65 | 124.46 |
2 Base: 2017-18 (April-March) =100 | |||||
2.1 NEER | 92.88 | 93.63 | 93.18 | 87.74 | 86.20 |
2.2 REER | 94.20 | 97.32 | 98.07 | 98.04 | 96.34 |
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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