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36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee
Date : May 22, 2023
Item 2021-22 2022-23 2022 2023
April March April
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-weighted          
1.1 NEER 93.13 91.27 93.12 89.54 89.17
1.2 REER 104.64 102.78 103.66 100.17 98.37
2 Export-weighted          
2.1 NEER 93.55 93.03 94.72 91.41 91.25
2.2 REER 103.46 101.04 102.32 98.21 96.45
6-Currency Basket (Trade-weighted)          
1 Base: 2015-16 = 100          
1.1 NEER 87.03 85.98 87.59 83.38 83.02
1.2 REER 102.27 102.02 103.22 98.86 98.77
2 Base: 2020-21 = 100          
2.1 NEER 98.39 97.20 99.03 94.27 93.86
2.2 REER 100.42 100.18 101.35 97.08 96.98
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2020-21 is a moving one, which gets updated every year. REER figures are based on Consumer Price Index (combined). The details on methodology used for compilation of NEER/REER indices are available in December 2005, April 2014 and January 2021 issues of the RBI Bulletin.

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