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 19, 2021
36. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee
Item | 2018-19 | 2019-20 | 2020 | 2021 | |
February | January | February | |||
1 | 2 | 3 | 4 | 5 | |
40-Currency Basket (Base: 2015-16=100) | |||||
1 Trade-weighted | |||||
1.1 NEER | 97.45 | 98.00 | 97.57 | 93.71 | 94.15 |
1.2 REER | 100.63 | 103.20 | 103.81 | 102.98 | 103.46 |
2 Export-weighted | |||||
2.1 NEER | 97.13 | 97.38 | 96.91 | 93.30 | 93.68 |
2.2 REER | 100.29 | 102.88 | 103.69 | 102.57 | 102.99 |
6-Currency Basket (Trade-weighted) | |||||
1 Base: 2015-16 = 100 | |||||
1.1 NEER | 94.19 | 94.92 | 94.59 | 87.34 | 87.88 |
1.2 REER | 100.29 | 103.60 | 104.21 | 100.91 | 101.46 |
2 Base: 2018-19 = 100 | |||||
2.1 NEER | 100.00 | 100.78 | 100.43 | 92.73 | 93.30 |
2.2 REER | 100.00 | 103.30 | 103.91 | 100.62 | 101.18 |
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2018-19 is a moving one, which gets updated every year. REER figures are based on Consumer Price Index (combined). The details on methodology used for compilation of NEER/REER indices are available in December 2005, April 2014 and January 2021 issues of the RBI Bulletin. |
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