Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee

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Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee

APPENDIX TABLE 40: INDICES OF REAL EFFECTIVE EXCHANGE RATE (REER) AND NOMINAL
	EFFECTIVE EXCHANGE RATE (NEER) OF THE INDIAN RUPEE
Year/Month	36 - Currency Trade based weights		6 - Currency Trade based weights
	(Base : 1993-94=100)		(Base : 1993-94 = 100)
	REER	NEER	REER	NEER
1	2	3	4	5
1993-94	100.00	100.00	100.00	100.00
1994-95	104.32	98.91	105.71	96.86
1995-96	98.19	91.54	101.14	88.45
1996-97	96.83	89.27	100.97	86.73
1997-98	100.77	92.04	104.24	87.80
1998-99	93.04	89.05	95.99	77.37
1999-00	95.99	91.02	97.52	77.04
2000-01	100.09	92.12	102.64	77.30
2001-02	100.86	91.58	102.49	75.89
2002-03	98.18	89.12	97.43	71.09
2003-04	99.56	87.14	98.85	69.75
2004-05	100.09	87.31	101.35	69.26
2005-06 (P)	102.49	89.85	106.66	71.41
2004-05
April	101.43	90.43	101.79	72.12
May	99.63	88.66	99.95	70.30
June	99.86	87.62	100.10	69.35
July	98.89	86.21	99.30	68.24
August	99.54	86.03	100.22	68.13
September	100.46	86.52	101.28	68.49
October	99.36	86.15	100.46	68.33
November	99.46	85.75	100.87	68.03
December	100.03	86.92	101.48	68.68
January	100.68	87.55	103.41	69.66
February	101.15	88.20	103.92	70.09
March	100.56	87.72	103.46	69.68
2005-06
April	100.59	88.92	102.63	70.22
May	102.23	90.10	104.62	71.18
June	103.72	91.17	106.82	72.36
July	105.07	92.02	108.38	73.04
August	104.05	90.86	107.39	72.08
September	104.14	90.45	107.27	71.57
October	102.71	89.40	106.43	70.90
November	101.62	88.36	106.18	70.27
December	100.66	87.97	105.98	70.22
January	101.73	89.51	107.57	71.46
February	101.88	89.92	108.61	72.03
March	101.46	89.47	108.09	71.61
2006-07 (P)
April	98.56	88.20	104.09	70.22
May	96.38	88.20	101.57	67.95
June	n.a.	n.a.	101.81	67.39
n.a. : Not available. P : Provisional. Note : For detailed methology of compilation of indices, see "Revision of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) Indices", Reserve Bank of India Bulletin, December 2005.