No. 51 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee - RBI - Reserve Bank of India
No. 51 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee
(5-country trade based weights) |
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Year / Month / Day |
Base: 1991-92 (April-March) = 100 |
Base: 1993-94 (April-March) = 100 |
Base: 2001-02 (April-March) = 100 |
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NEER |
REER |
NEER |
REER |
NEER |
REER |
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1 |
2 |
3 |
4 |
5 |
6 |
7 |
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1990-91 |
133.07 |
121.64 |
175.04 |
141.69 |
239.18 |
138.54 |
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1991-92 |
100.00 |
100.00 |
131.54 |
116.48 |
179.74 |
114.89 |
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1992-93 |
89.57 |
96.42 |
117.81 |
112.31 |
160.98 |
109.65 |
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1993-94 |
76.02 |
85.85 |
100.00 |
100.00 |
136.64 |
97.96 |
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1993-94 |
76.02 |
85.85 |
100.00 |
100.00 |
136.64 |
97.96 |
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1994-95 |
73.06 |
90.23 |
96.09 |
105.81 |
131.31 |
103.66 |
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1995-96 |
66.67 |
87.23 |
87.69 |
102.29 |
119.84 |
100.21 |
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1996-97 |
65.67 |
88.20 |
86.38 |
103.43 |
118.15 |
101.33 |
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1997-98 |
65.71 |
90.25 |
86.43 |
105.84 |
118.17 |
103.68 |
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1998-99 |
58.12 |
83.38 |
76.45 |
97.79 |
104.47 |
95.80 |
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1999-00 |
56.42 |
82.49 |
74.22 |
96.74 |
101.41 |
94.77 |
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2000-01 |
56.08 |
85.92 |
73.77 |
100.76 |
100.80 |
98.72 |
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2001-02 |
55.64 |
87.05 |
73.18 |
102.09 |
100.00 |
100.00 |
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2002-03 (P) |
52.29 |
83.46 |
68.78 |
97.88 |
93.99 |
95.89 |
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2000-01 |
December |
55.23 |
85.99 |
72.65 |
100.85 |
99.28 |
98.80 |
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January |
55.09 |
85.64 |
72.46 |
100.44 |
99.01 |
98.39 |
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February |
55.49 |
85.97 |
72.99 |
100.82 |
99.74 |
98.77 |
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March |
56.06 |
87.01 |
73.74 |
102.04 |
100.77 |
99.98 |
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2001-02 |
April |
56.41 |
87.73 |
74.20 |
102.89 |
101.39 |
100.79 |
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May |
56.45 |
87.64 |
74.26 |
102.78 |
101.47 |
100.69 |
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June |
56.92 |
88.55 |
74.87 |
103.85 |
102.32 |
101.75 |
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July |
56.77 |
88.82 |
74.68 |
104.17 |
102.05 |
102.06 |
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August |
55.74 |
87.35 |
73.32 |
102.44 |
100.19 |
100.36 |
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September |
54.53 |
85.29 |
71.73 |
100.02 |
98.01 |
97.98 |
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October |
54.44 |
85.78 |
71.61 |
100.60 |
97.86 |
98.56 |
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November |
54.95 |
86.69 |
72.27 |
101.67 |
98.76 |
99.60 |
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December |
55.37 |
87.20 |
72.84 |
102.26 |
99.53 |
100.19 |
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January |
55.47 |
86.76 |
72.96 |
101.75 |
99.71 |
99.69 |
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February |
55.46 |
86.48 |
72.95 |
101.42 |
99.69 |
99.35 |
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March |
55.10 |
86.16 |
72.48 |
101.04 |
99.04 |
98.99 |
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2002-03 |
April |
54.65 |
85.34 |
71.88 |
100.09 |
98.22 |
98.05 |
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May |
53.57 |
83.80 |
70.46 |
98.27 |
96.29 |
96.27 |
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June |
52.70 |
83.38 |
69.32 |
97.78 |
94.72 |
95.79 |
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July |
51.51 |
82.01 |
67.76 |
96.18 |
92.60 |
94.23 |
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August |
52.08 |
83.45 |
68.50 |
97.87 |
93.60 |
95.87 |
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September |
52.25 |
83.72 |
68.73 |
98.18 |
93.92 |
96.19 |
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October |
52.56 |
84.23 |
69.14 |
98.78 |
94.48 |
96.78 |
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November |
52.15 |
83.76 |
68.59 |
98.23 |
93.72 |
96.22 |
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December |
52.00 |
83.10 |
68.40 |
97.46 |
93.47 |
95.47 |
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January |
(P) |
51.24 |
82.10 |
67.39 |
96.29 |
92.09 |
94.32 |
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February |
(P) |
51.32 |
82.62 |
67.51 |
96.89 |
92.25 |
94.92 |
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March |
(P) |
51.49 |
83.63 |
67.73 |
98.07 |
92.55 |
96.07 |
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April |
(P) |
51.83 |
84.98 |
68.17 |
99.66 |
93.15 |
97.63 |
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May |
(P) |
50.84 |
82.99 |
66.88 |
97.33 |
91.38 |
95.35 |
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June |
(P) |
51.03 |
83.82 |
67.12 |
98.29 |
91.72 |
96.29 |
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As on |
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June |
20 |
(P) |
51.09 |
83.44 |
67.20 |
97.85 |
91.82 |
95.86 |
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June |
27 |
(P) |
51.62 |
84.30 |
67.89 |
98.87 |
92.77 |
96.85 |
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July |
4 |
(P) |
51.66 |
84.81 |
67.95 |
99.46 |
92.85 |
97.43 |
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July |
11 |
(P) |
52.19 |
85.69 |
68.65 |
100.49 |
93.81 |
98.44 |
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Notes: |
1. |
Rise in indices indicate appreciation of rupee and vice versa. |
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2. |
For "Note on Methodology" on the indices presented here, please see Page S 653 of July 1998 issue of this Bulletin. |
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3. |
It may be recalled that in the aforesaid Note on Methodology, it was indicated that the base year 1996-97 would be a moving one. Accordingly, with effect |
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4. |
from April 2003, the base year 2000-01 has been shifted forward to 2001-02. |
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5. |
The indices on REER have been recalculated from April 1993 onwards using the new Wholesale Price Index (WPI) series with base year 1993-94. |
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6. |
For a monthly time-series since April 1993, please see August 2002 issue of the Bulletin. |