No. 52 : Indices of Real Effective Exchange Rate (Reer) and Nominal Effective Exchange Rate (Neer) of the Indian Rupee - RBI - Reserve Bank of India
No. 52 : Indices of Real Effective Exchange Rate (Reer) and Nominal Effective Exchange Rate (Neer) of the Indian Rupee
(5-country trade based weights) |
Year/Month/Day |
Base: 1991-92 (April- |
Base: 1993-94 (April- |
Base: 1996-97 (April- |
|||||
March) =100 |
March) =100 |
March) =100 |
||||||
|
|
NEER |
REER |
NEER |
REER |
NEER |
REER |
|
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
|
1990-91 |
133.07 |
121.64 |
175.04 |
141.69 |
202.65 |
137.33 |
||
1995-96 |
66.67 |
86.33 |
87.69 |
100.56 |
101.52 |
97.46 |
||
1996-97 |
65.67 |
88.58 |
86.38 |
103.18 |
100.00 |
100.00 |
||
1997-98 |
65.71 |
91.08 |
86.43 |
106.08 |
100.06 |
102.82 |
||
1993 |
January |
92.35 |
99.49 |
121.48 |
115.88 |
140.64 |
112.31 |
|
February |
93.14 |
100.54 |
122.51 |
117.10 |
141.83 |
113.50 |
||
March |
76.80 |
82.88 |
101.02 |
96.54 |
116.95 |
93.57 |
||
1993-94 |
April |
75.39 |
81.43 |
99.16 |
94.84 |
114.81 |
91.92 |
|
May |
75.17 |
81.54 |
98.88 |
94.98 |
114.48 |
92.05 |
||
June |
75.46 |
82.67 |
99.26 |
96.29 |
114.91 |
93.32 |
||
July |
76.49 |
84.45 |
100.61 |
98.37 |
116.49 |
95.34 |
||
August |
75.90 |
84.95 |
99.84 |
98.95 |
115.58 |
95.90 |
||
September |
74.98 |
85.19 |
98.63 |
99.22 |
114.19 |
96.17 |
||
October |
75.57 |
87.24 |
99.40 |
101.62 |
115.08 |
98.49 |
||
November |
76.57 |
88.23 |
100.72 |
102.76 |
116.61 |
99.60 |
||
December |
76.78 |
88.40 |
100.99 |
102.97 |
116.92 |
99.80 |
||
January |
77.34 |
89.22 |
101.73 |
103.92 |
117.78 |
100.72 |
||
February |
76.70 |
88.92 |
100.88 |
103.58 |
116.80 |
100.39 |
||
March |
75.94 |
88.01 |
99.89 |
102.51 |
115.65 |
99.36 |
||
1994-95 |
April |
75.88 |
90.00 |
99.81 |
104.83 |
115.56 |
101.61 |
|
May |
75.27 |
90.49 |
99.01 |
105.40 |
114.63 |
102.16 |
||
June |
74.60 |
90.19 |
98.13 |
105.06 |
113.61 |
101.82 |
||
July |
73.18 |
89.56 |
96.25 |
104.32 |
111.44 |
101.10 |
||
August |
73.31 |
89.73 |
96.42 |
104.51 |
111.63 |
101.30 |
||
September |
72.82 |
88.87 |
95.78 |
103.51 |
110.89 |
100.32 |
||
October |
72.05 |
88.24 |
94.78 |
102.78 |
109.73 |
99.62 |
||
November |
72.33 |
89.04 |
95.14 |
103.72 |
110.15 |
100.52 |
||
December |
73.28 |
91.37 |
96.39 |
106.43 |
111.59 |
103.15 |
||
January |
72.67 |
91.43 |
95.59 |
106.50 |
110.67 |
103.22 |
||
February |
72.14 |
91.00 |
94.89 |
105.99 |
109.85 |
102.73 |
||
March |
69.14 |
87.20 |
90.94 |
101.57 |
105.29 |
98.45 |
||
1995-96 |
April |
68.18 |
86.61 |
89.68 |
100.88 |
103.83 |
97.77 |
|
May |
68.92 |
88.38 |
90.66 |
102.95 |
104.96 |
99.78 |
||
June |
68.69 |
88.22 |
90.35 |
102.76 |
104.60 |
99.60 |
||
July |
68.96 |
89.21 |
90.71 |
103.91 |
105.02 |
100.71 |
||
August |
70.37 |
91.42 |
92.56 |
106.49 |
107.16 |
103.21 |
||
September |
68.04 |
88.51 |
89.50 |
103.09 |
103.61 |
99.92 |
||
October |
64.80 |
84.49 |
85.23 |
98.41 |
98.68 |
95.38 |
||
November |
64.63 |
84.72 |
85.01 |
98.68 |
98.42 |
95.64 |
||
December |
64.64 |
84.29 |
85.03 |
98.18 |
98.44 |
95.16 |
||
January |
63.75 |
82.72 |
83.85 |
96.35 |
97.08 |
93.38 |
||
February |
62.39 |
80.89 |
82.06 |
94.22 |
95.01 |
91.32 |
||
March |
66.62 |
86.51 |
87.63 |
100.76 |
101.46 |
97.66 |
||
|
|
|
|
|
|
|
||
1996-97 |
April |
67.47 |
88.05 |
88.75 |
102.56 |
102.75 |
99.40 |
|
May |
66.19 |
86.94 |
87.07 |
101.27 |
100.80 |
98.15 |
||
June |
66.26 |
87.36 |
87.16 |
101.75 |
100.91 |
98.62 |
||
July |
65.03 |
87.12 |
85.54 |
101.47 |
99.03 |
98.35 |
||
August |
64.28 |
86.99 |
84.56 |
101.33 |
97.89 |
98.21 |
||
September |
64.63 |
87.85 |
85.01 |
102.33 |
98.42 |
99.18 |
||
October |
65.13 |
88.64 |
85.67 |
103.24 |
99.18 |
100.06 |
||
November |
64.28 |
87.95 |
84.56 |
102.45 |
97.89 |
99.29 |
||
December |
64.67 |
88.53 |
85.07 |
103.11 |
98.49 |
99.94 |
||
January |
65.49 |
89.50 |
86.14 |
104.24 |
99.73 |
101.03 |
||
February |
67.11 |
91.94 |
88.27 |
107.09 |
102.20 |
103.79 |
||
March |
67.44 |
92.10 |
88.71 |
107.27 |
102.70 |
103.97 |
||
1997-98 |
April |
67.84 |
92.62 |
89.24 |
107.88 |
103.31 |
104.56 |
|
May |
67.03 |
91.40 |
88.16 |
106.46 |
102.07 |
103.18 |
||
June |
66.71 |
91.03 |
87.74 |
106.03 |
101.59 |
102.76 |
||
July |
67.40 |
92.31 |
88.66 |
107.52 |
102.64 |
104.21 |
||
August |
68.45 |
93.95 |
90.04 |
109.44 |
104.24 |
106.07 |
||
September |
67.19 |
92.55 |
88.38 |
107.80 |
102.32 |
104.48 |
||
October |
67.05 |
93.21 |
88.20 |
108.57 |
102.11 |
105.22 |
||
November |
65.03 |
90.46 |
85.54 |
105.36 |
99.03 |
102.12 |
||
December |
62.71 |
87.93 |
82.48 |
102.42 |
95.49 |
99.26 |
||
January |
63.04 |
89.50 |
82.92 |
104.24 |
96.00 |
101.03 |
||
February |
63.39 |
89.72 |
83.38 |
104.50 |
96.53 |
101.29 |
||
March |
62.65 |
88.24 |
82.40 |
102.79 |
95.40 |
99.62 |
||
|
|
|
|
|
|
|
||
1998-99 |
April |
62.55 |
89.18 |
82.27 |
103.88 |
95.25 |
100.68 |
|
May |
61.44 |
88.19 |
80.82 |
102.73 |
93.57 |
99.56 |
||
June |
59.36 |
86.10 |
78.08 |
100.29 |
90.40 |
97.20 |
||
July |
(P) |
59.07 |
86.81 |
77.70 |
101.11 |
89.96 |
98.00 |
|
August |
(P) |
59.04 |
87.05 |
77.66 |
101.39 |
89.91 |
98.27 |
|
September |
(P) |
57.56 |
85.55 |
75.71 |
99.64 |
87.66 |
96.58 |
|
October |
(P) |
56.01 |
83.58 |
73.68 |
97.35 |
85.30 |
94.35 |
|
November |
(P) |
56.50 |
84.29 |
74.31 |
98.18 |
86.04 |
95.16 |
|
December |
(P) |
55.84 |
82.65 |
73.45 |
96.27 |
85.03 |
93.30 |
|
January |
(P) |
55.75 |
82.13 |
73.33 |
95.66 |
84.90 |
92.71 |
|
February |
(P) |
56.78 |
83.73 |
74.69 |
97.53 |
86.47 |
94.52 |
|
As on |
||||||||
February 24, |
(P)+ |
57.47 |
84.39 |
75.59 |
98.29 |
87.51 |
95.27 |
|
March 5, |
(P) |
57.85 |
84.92 |
76.09 |
98.91 |
88.09 |
95.87 |
|
March 12, |
(P) |
57.31 |
84.13 |
75.38 |
97.99 |
87.27 |
94.98 |
|
|
March 19, |
(P) |
57.21 |
83.98 |
75.25 |
97.82 |
87.12 |
94.81 |
+ |
: |
RBI Reference Rate of Indian rupee was not available for February 25 and 26, 1999 on account of banks strike. |
Note |
: |
Rise in indices indicate appreciation of rupee and vice versa. |
For "Note on Methodology" on the indices presented here, please see S 653 of July 1998 issue of this Bulletin. |