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No. 50 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee

(36 – country bilateral weights)

(Base : 1985 = 100)


Year/Month

 

Export Based Weights

Trade Based Weights


     

REER

Percentage

NEER

Percentage

REER

Percentage

NEER

Percentage

       

Variation

 

Variation

 

Variation

 

Variation


1

   

2

3

4

5

6

7

8

9


1990-91

   

73.33

-5.2

66.19

-7.6

75.58

-3.6

67.20

-6.9

1991-92

   

61.36

-16.3

51.12

-22.8

64.20

-15.1

52.51

-21.9

1992-93

   

54.42

-11.3

42.30

-17.3

57.08

-11.1

43.46

-17.2

1993-94

   

59.09

8.6

43.48

2.8

61.59

7.9

44.69

2.8


1994-95

   

63.29

7.1

42.20

-2.9

66.04

7.2

43.37

-2.9

1995-96

   

60.94

-3.7

38.74

-8.2

63.62

-3.7

39.73

-8.4

1996-97

   

61.14

0.3

38.09

-1.7

63.81

0.3

38.97

-1.9

1997-98

   

63.76

4.3

38.93

2.2

67.02

5.0

40.01

2.7

1998-99

   

60.13

-5.7

35.32

-9.3

63.44

-5.3

36.34

-9.2

1999-00

   

59.70

-0.7

34.30

-2.9

63.29

-0.2

35.46

-2.4

2000-01

   

62.47

4.6

34.24

-0.2

66.53

5.1

35.52

0.2

2001-02 (P)

 

64.36

3.0

34.54

0.9

68.43

2.8

35.75

0.7

2000-01

April

 

62.23

1.7

34.69

0.4

66.29

1.9

36.01

0.5

 

May

 

63.07

1.3

35.18

1.4

67.21

1.4

36.53

1.4

 

June

 

61.34

-2.7

34.15

-2.9

65.30

-2.8

35.40

-3.1

 

July

 

61.68

0.5

34.31

0.5

65.65

0.5

35.57

0.5

 

August

 

61.15

-0.9

33.95

-1.0

65.15

-0.8

35.23

-1.0

 

September

 

61.98

1.3

34.24

0.8

66.08

1.4

35.56

0.9

 

October

 

63.26

2.1

34.27

0.1

67.53

2.2

35.64

0.2

 

November

 

63.09

-0.3

34.11

-0.5

67.30

-0.3

35.46

-0.5

 

December

 

62.52

-0.9

33.73

-1.1

66.57

-1.1

34.97

-1.4

 

January

 

62.60

0.1

33.79

0.2

66.51

-0.1

34.95

-0.1

 

February

 

62.89

0.5

34.05

0.8

66.89

0.6

35.23

0.8

 

March

 

63.81

1.5

34.46

1.2

67.86

1.5

35.66

1.2

2001-02

April

 

64.36

0.9

34.71

0.7

68.39

0.8

35.91

0.7

 

May

 

64.33

-0.1

34.74

0.1

68.37

35.94

0.1

 

June

 

64.95

1.0

35.02

0.8

69.06

1.0

36.24

0.9

 

July

 

65.01

0.1

34.92

-0.3

69.11

0.1

36.14

-0.3

 

August

 

63.89

-1.7

34.19

-2.1

67.91

-1.7

35.38

-2.1

 

September

 

62.77

-1.8

33.66

-1.6

66.74

-1.7

34.83

-1.6

 

October

 

63.21

0.7

33.65

67.19

0.7

34.81

-0.1

 

November

 

63.67

0.7

33.88

0.7

67.67

0.7

35.04

0.6

 

December

(P)

64.16

0.8

34.20

0.9

68.08

0.6

35.31

0.8

 

January

(P)

63.76

-0.6

34.24

0.1

67.58

-0.7

35.32

 

February

(P)

63.39

-0.6

34.17

-0.2

67.20

-0.6

35.25

-0.2

 

March

(P)

68.88

8.7

37.12

8.6

73.83

9.9

38.89

10.3

2002-03

April

(P)

69.05

0.3

36.81

-0.8

74.10

0.4

38.55

-0.9

 

May

(P)

67.84

-1.8

36.09

-2.0

72.77

-1.8

37.79

-2.0

 

June

(P)

67.47

-0.5

35.50

-1.6

72.39

-0.5

37.16

-1.7

 

July

(P)

66.67

-1.2

34.87

-1.8

71.56

-1.1

36.52

-1.7

 

August

(P)

67.95

1.9

35.30

1.2

72.96

1.9

36.98

1.3

 

September

(P)

68.02

0.1

35.36

0.2

73.04

0.1

37.04

0.2

 

October

(P)

68.45

0.6

35.60

0.7

73.44

0.6

37.27

0.6

 

November

(P)

68.22

-0.3

35.50

-0.3

73.18

-0.4

37.15

-0.3


Notes :

1. The indices on REER have been recalculated from April 1994 onwards using the new wholesale price index (WPI) series with base year 1993-94=100.

 

2. The REER & NEER indices have been estimated using the common price index and the exchange rate for the Euro, thus representing 31 countries and the Euro area w.e.f. 01.03.2002.

Also see ‘Notes on Tables’.

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