Appendix Table VI.11: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee

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Published on 30 August 2004

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Appendix Table VI.11: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee


Year/Month		36 - country bilateral trade weights (Base : 1985 = 100)		5 - country bilateral trade weights (Base : 1993-94 = 100)


		REER	NEER	REER	NEER
	1	2	3	4	5
1993-94		61.59	44.69	100.00	100.00
1994-95		66.04	43.37	105.81	96.09
1995-96		63.62	39.73	102.29	87.69
1996-97		63.81	38.97	103.43	86.38
1997-98		67.02	40.01	105.84	86.43
1998-99		63.44	36.34	97.79	76.45
1999-00		63.29	35.46	96.74	74.22
2000-01		66.53	35.52	100.76	73.77
2001-02		68.43	35.75	102.09	73.18
2002-03		72.76	37.05	97.88	68.78
2003-04 (P)		74.14	36.25	99.60	67.36
2003-04
April		74.14	36.72	99.55	68.18
May		72.67	35.88	97.91	66.88
June	(P)	73.07	36.03	98.30	67.12
July	(P)	74.55	36.83	100.27	68.56
August	(P)	75.71	37.42	101.77	69.61
September	(P)	75.75	37.09	101.86	69.08
October	(P)	75.04	36.65	100.48	67.94
November	(P)	74.72	36.34	100.72	67.63
December	(P)	73.11	35.58	98.31	66.14
January	(P)	72.88	35.18	97.99	65.30
February	(P)	73.32	35.26	98.16	65.25
March	(P)	74.72	36.03	99.85	66.64
2004-05 (P)
April		77.01	36.97	103.12	68.61
May		74.78	35.72	101.30	67.27
June		75.98	35.86	100.80	66.14
P : Provisional. Note : 1. The 36-country and 5-country REER indices have been recalculated from April 1994 and April 1993 onwards, respectively, using the new Wholesale Price Index (WPI) series (Base : 1993-94=100). 2. The 36-country REER and NEER have been estimated using the common price index and the exchange rate for the Euro, thus, representing 31 countries and the Euro area effective March 1, 2002.