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Document - 36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee () or PDF - 36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee ()
36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee
Date : Apr 23, 2024
Item 2022-23 2023-24 2023 2024
Mar Feb Mar
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-Weighted          
1.1 NEER 91.27 90.76 89.55 91.99 92.13
1.2 REER 102.86 103.70 100.40 104.68 104.41
2 Export-Weighted          
2.1 NEER 93.03 93.13 91.42 94.40 94.55
2.2 REER 101.12 101.21 98.45 102.03 101.55
6-Currency Basket (Trade-weighted)          
1 Base : 2015-16 =100          
1.1 NEER 85.93 83.65 83.35 83.80 83.60
1.2 REER 101.80 101.79 98.70 102.10 101.75
2 Base : 2021-22 =100          
2.1 NEER 98.72 96.10 95.76 96.27 96.05
2.2 REER 99.69 99.68 96.65 99.98 99.63
Note: Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2021-22 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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