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

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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
Year	REER	NEER	REER	NEER	Year		REER	NEER	REER	NEER
1	2	3	4	5	1		2	3	4	5
1993-94	100.00	100.00	100.00	100.00	2006-07	April	98.16	87.73	97.11	89.18
						May	96.43	85.43	95.67	87.12
1994-95	104.32	98.91	104.88	98.18		June	96.60	85.11	95.61	86.61
						July	95.75	84.22	94.80	85.74
1995-96	98.19	91.54	100.10	90.94		August	95.64	83.61	94.66	85.13
						September	98.00	84.65	96.78	86.05
1996-97	96.83	89.27	98.95	89.03		October	99.96	86.18	98.64	87.53
						November	100.35	86.50	99.31	88.12
						December	99.14	85.89	98.25	87.68
1997-98	100.77	92.04	103.07	91.97		January	100.69	87.05	99.53	88.72
						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	April	102.60	91.80	101.88	92.89
						May	106.01	94.69	105.24	95.83
1999-00	95.99	91.02	95.28	90.42		June	105.92	94.97	105.03	96.07
						July	105.99	94.84	105.19	96.08
2000-01	100.09	92.12	98.67	90.12		August	105.34	94.38	104.47	95.52
						September	105.90	94.65	105.12	95.91
2001-02	100.86	91.58	98.59	89.08		October	106.09	95.29	105.35	96.73
						November	104.63	94.27	104.01	95.83
2002-03	98.18	89.12	95.99	87.01		December	104.94	94.68	104.19	96.11
						January	104.85	94.29	104.26	95.91
						February	103.51	93.11	103.04	94.82
2003-04	99.56	87.14	99.07	87.89		March	101.94	90.01	101.72	91.92
					2008-09 (P)	April	101.70	93.26	101.81	93.54
2004-05	100.09	87.31	98.30	88.41		May	97.57	89.04	97.50	89.20
						June	97.60	87.65	97.63	87.85
2005-06	102.35	89.85	100.54	91.17		July	97.23	87.04	97.47	87.35
						August	99.45	88.60	99.47	88.68
2006-07	98.48	85.89	97.42	87.46		September	95.76	85.42	95.55	85.34
						October	92.12	83.23	91.61	82.91
						November	92.43	84.69	91.59	84.21
2007-08 (P)	104.81	93.91	104.12	95.30		December	90.30	83.91	89.57	83.47
						January	89.75	83.43	88.86	82.86
2008-09 (P)	94.36	86.10	93.94	85.94		February	90.68	84.98	89.68	84.45
						March	87.70	81.92	86.48	81.38
					2009-10 (P)	April	88.59	82.52	87.47	82.22
* : For “Note on Methodology” and time series data on the indices presented here, please see December 2005 issue of this Bulletin.