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
1993-94	100.00	100.00	100.00	100.00		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
1994-95	104.32	98.91	104.88	98.18		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
						October	99.96	86.18	98.64	87.53
1996-97	96.83	89.27	98.95	89.03		November	100.35	86.50	99.31	88.12
						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
1997-98	100.77	92.04	103.07	91.97		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
1998-99	93.04	89.05	94.34	90.34		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
						August	105.34	94.38	104.47	95.52
2000-01	100.09	92.12	98.67	90.12		September	105.90	94.65	105.12	95.91
2000-01	100.09	92.12	98.67	90.12		October	106.09	95.29	105.35	96.73
2001-02	100.86	91.58	98.59	89.08		November	104.63	94.27	104.01	95.83
2001-02	100.86	91.58	98.59	89.08		December	104.94	94.68	104.19	96.11
2002-03	98.18	89.12	95.99	87.01		January	104.85	94.29	104.26	95.91
2002-03	98.18	89.12	95.99	87.01		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
2003-04	99.56	87.14	99.07	87.89	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
						July	97.23	87.04	97.47	87.35
2005-06	102.35	89.85	100.54	91.17		August	99.45	88.60	99.47	88.68
2005-06	102.35	89.85	100.54	91.17		September	95.76	85.42	95.55	85.34
2006-07	98.48	85.89	97.42	87.46		October	92.12	83.23	91.61	82.91
2006-07	98.48	85.89	97.42	87.46		November	92.43	84.69	91.59	84.21
2007-08	104.81	93.91	104.12	95.30		December	90.30	83.91	89.57	83.47
						January	89.89	83.62	88.98	82.96
						February	90.91	85.20	89.84	84.57
2008-09 (P)	94.44	86.15	94.01	85.96		March	88.38	82.12	87.06	81.49
					2009-10 (P)	April	89.22	82.67	88.06	82.26
						May	91.17	83.53	89.80	83.31
* : For “Note on Methodology” and time series data on the indices presented here, please see December 2005 issue of this Bulletin.