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Date : Oct 08, 2008

Table 152 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of Indian Rupee (36-Country Bilateral Weights) (Financial Year – Annual Average) (Base : 1985 = 100)

EFFECTIVE EXCHANGE RATE (NEER) OF INDIAN RUPEE
(36- Country Bilateral Weights) (Financial Year - Annual Average)
(Base : 1985 = 100)
Year	Export-based Weights		Trade-based Weights
	REER	NEER	REER	NEER
1	2	3	4	5
1975-76	107.31	100.28	106.27	97.95
1976-77	102.49	101.13	101.34	98.67
1977-78	101.21	102.18	100.12	99.86
1978-79	93.11	99.68	91.98	97.18
1979-80	99.09	102.79	97.08	99.43
1980-81	106.15	106.48	104.48	103.46
1981-82	105.74	106.20	104.48	103.54
1982-83	102.09	107.09	101.17	104.75
1983-84	104.51	106.68	104.24	105.27
1984-85	100.44	101.77	100.86	101.47
1985-86	97.85	98.52	98.27	98.50
1986-87	90.12	85.77	90.24	85.85
1987-88	85.39	81.20	85.36	81.16
1988-89	80.26	75.25	80.41	75.57
1989-90	77.34	71.60	78.44	72.16
1990-91	73.33	66.19	75.58	67.20
1991-92	61.36	51.12	64.20	52.51
1992-93	54.42	42.30	57.08	43.46
1993-94	59.09	43.48	61.59	44.69
1994-95	63.29	42.20	66.04	43.37
1995-96	60.94	38.74	63.62	39.73
1996-97	61.14	38.09	63.81	38.97
1997-98	63.76	38.93	67.02	40.01
1998-99	60.13	35.32	63.44	36.34
1999-00	59.70	34.30	63.29	35.46
2000-01	62.47	34.24	66.53	35.52
2001-02	64.36	34.54	68.43	35.75
2002-03	67.92	35.41	72.76	37.05
2003-04	69.66	34.87	74.14	36.25
Note : 1. Data up to 1991-92 are based on official exchange rates and data from 1992-93 onwards are based on FEDAI (Foreign Exchange Dealers’ Association of India) indicative rates. 2. REER indices are recalculated from 1994-95 onwards using the new Wholesale Price Index (WPI) series (Base : 1993-94 = 100). 3. REER and NEER indices are estimated using the common price index and the exchange rate for the Euro, thus representing 31 countries and the Euro area w.e.f. 01.03.2002. Also see Notes on Tables.

TABLE 153 : INDICES OF REAL EFFECTIVE EXCHANGE RATE (REER) AND NOMINAL
EFFECTIVE EXCHANGE RATE (NEER) OF INDIAN RUPEE
(36- Currency Bilateral Weights) (Financial Year - Annual Average)
(Base : 1993-94 = 100)
Year	Export-based Weights		Trade-based Weights
	REER	NEER	REER	NEER
1	2	3	4	5
1993-94	100	100	100	100
1994-95	104.88	98.18	104.32	98.91
1995-96	100.1	90.94	98.19	91.54
1996-97	98.95	89.03	96.83	89.27
1997-98	103.07	91.97	100.77	92.04
1998-99	94.34	90.34	93.04	89.05
1999-00	95.28	90.42	95.99	91.02
2000-01	98.67	90.12	100.09	92.12
2001-02	98.59	89.08	100.86	91.58
2002-03	95.99	87.01	98.18	89.12
2003-04	99.07	87.89	99.56	87.14
2004-05	98.3	88.41	100.09	87.31
2005-06	100.54	91.17	102.35	89.85
2006-07	97.42	87.46	98.48	85.89
2007-08 P	104.52	95.3	105.13	93.92
P : Provisional.
Note :
1. REER indices are recalculated from 1993-94 onwards using the new Wholesale Price Index (WPI) series (Base : 1993-94 = 100).
2. The 36-Country REER & NEER are revised as 36- Currency REER & NEER respectively and for “note on Methodology” on the indices, please see December 2005 Issue of RBI Bulletin.
Also see Notes on Tables.