50: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee

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Published on September 12, 2008

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50: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee

(36-Currency Export and Trade Based Weights)
(Base: 1993-94=100)*
Year	Trade Based Weights		Export Based Weights		Year		Trade Based Weights		Export Based Weights
	REER	NEER	REER	NEER			REER	NEER	REER	NEER
					1		2	3	4	5
1	2	3	4	5
					2006-07	April	98.16	87.73	97.11	89.18
						May	96.43	85.43	95.67	87.12
1993-94	100.00	100.00	100.00	100.00		June	96.60	85.11	95.61	86.61
						July	95.75	84.22	94.80	85.74
1994-95	104.32	98.91	104.88	98.18		August	95.64	83.61	94.66	85.13
						September	98.00	84.65	96.78	86.05
1995-96	98.19	91.54	100.10	90.94
						October	99.96	86.18	98.64	87.53
						November	100.35	86.50	99.31	88.12
1996-97	96.83	89.27	98.95	89.03
						December	99.14	85.89	98.25	87.68
						January	100.69	87.05	99.53	88.72
1997-98	100.77	92.04	103.07	91.97
						February	100.55	87.21	99.39	88.87
						March	100.53	87.11	99.35	88.85
1998-99	93.04	89.05	94.34	90.34
					2007-08 (P)	April	102.88	91.80	102.22	92.89
1999-00	95.99	91.02	95.28	90.42
						May	106.30	94.69	105.60	95.83
2000-01	100.09	92.12	98.67	90.12		June	106.22	94.97	105.39	96.07
						July	106.29	94.84	105.55	96.08
2001-02	100.86	91.58	98.59	89.08		August	105.62	94.38	104.82	95.52
						September	106.21	94.65	105.50	95.92
2002-03	98.18	89.12	95.99	87.01		October	106.41	95.29	105.74	96.73
						November	104.95	94.27	104.40	95.83
2003-04	99.56	87.14	99.07	87.89		December	105.25	94.68	104.58	96.11
						January	105.22	94.29	104.70	95.91
2004-05	100.09	87.31	98.30	88.41		February	103.90	93.11	103.49	94.82
						March	102.35	90.01	102.19	91.92
2005-06	102.35	89.85	100.54	91.17
					2008-09 (P)	April	101.95	93.27	102.27	93.54
2006-07	98.48	85.89	97.42	87.46		May	97.91	89.05	97.97	89.21
						June	97.92	87.32	98.03	87.49
2007-08 (P)	105.13	93.92	104.52	95.30		July	97.00	85.95	96.95	85.93
* For “Note on Methodology” and time series data on the indices presented here, please see December 2005 issue of this Bulletin.