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Date : Jan 19, 2001

Table 179 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee

(36 - country bilateral weights)

(Monthly Average)

									(Base : 1985=100)
	Export-based		Trade-based				Export-based		Trade-based
Year/Month	Weights		Weights		Year/Month		Weights		Weights
	REER	NEER	REER	NEER			REER	NEER	REER	NEER
1	2	3	4	5	1		2	3	4	5
	OFFICIAL RATE
1990					1995
Jan	75.84	71.36	77.60	72.29	Jan		64.37	42.01	67.19	43.15
Feb	75.66	70.91	77.44	71.83	Feb		64.14	41.78	66.96	42.91
Mar	77.02	71.71	78.70	72.52	Mar		61.84	40.31	64.60	41.44
Apr	77.29	71.40	79.01	72.17	Apr		62.17	39.84	65.00	40.98
May	76.67	70.45	78.48	71.27	May		62.98	40.17	65.88	41.30
Jun	76.79	70.18	78.90	71.04	Jun		62.99	40.07	65.91	41.20
Jul	76.22	69.07	78.41	69.97	Jul		63.78	40.21	66.63	41.28
Aug	74.70	67.98	76.83	68.83	Aug		64.53	40.86	67.35	41.91
Sep	71.87	65.59	74.06	66.53	Sep		62.05	39.36	64.72	40.33
Oct	70.15	63.71	72.46	64.78	Oct		59.41	37.59	61.92	38.49
Nov	70.22	63.38	72.67	64.54	Nov		59.36	37.52	61.89	38.41
Dec	71.99	64.14	74.48	65.31	Dec		59.06	37.52	61.62	38.44
1991					1996
Jan	71.93	63.91	74.43	65.12	Jan		58.10	37.05	60.58	37.93
Feb	70.05	61.62	72.56	62.79	Feb		56.70	36.19	59.12	37.06
Mar	72.04	62.86	74.69	64.08	Mar		60.17	38.52	62.75	39.44
Apr	71.50	62.29	74.31	63.63	Apr		61.47	39.02	64.09	39.94
May	69.49	60.61	72.23	61.89	May		60.59	38.28	63.25	39.21
Jun	68.33	60.42	70.99	61.73	Jun		60.91	38.33	63.57	39.24
Jul	58.17	49.80	60.56	50.91	Jul		60.66	37.64	63.29	38.52
Aug	60.14	49.04	62.54	50.10	Aug		60.35	37.28	62.97	38.15
Sep	59.30	48.24	61.73	49.32	Sep		60.62	37.45	63.27	38.32
Oct	59.28	48.45	61.70	49.51	Oct		60.86	37.76	63.52	38.63
Nov	58.27	47.77	60.55	48.74	Nov		60.27	37.38	62.90	38.23
Dec	56.12	45.93	59.32	47.64	Dec		60.78	37.61	63.45	38.48
1992					1997
Jan	57.10	46.32	60.39	48.07	Jan		61.37	38.15	64.05	39.03
Feb	58.08	46.66	61.83	48.66	Feb		62.74	38.96	65.50	39.85
Mar	60.59	47.96	64.24	49.89	Mar		63.02	39.18	65.84	40.09
Apr	60.68	48.18	64.46	50.09	Apr		64.25	39.43	67.17	40.34
May	60.59	47.83	64.43	49.77	May		63.50	39.03	66.47	39.99
Jun	59.72	46.87	63.67	48.87	Jun		63.60	38.90	66.68	39.92
Jul	59.97	46.09	63.82	48.04	Jul		64.45	39.43	67.66	40.51
Aug	59.90	45.92	63.80	47.86	Aug		65.40	40.02	68.68	41.13
Sep	60.48	46.12	64.46	48.15	Sep		64.92	39.53	68.22	40.63
Oct	62.10	47.18	66.30	49.32	Oct		65.25	39.66	68.64	40.79
Nov	63.80	48.82	68.29	51.17	Nov		63.51	38.74	66.81	39.85
Dec	63.42	48.44	67.96	50.83	Dec		61.86	37.68	65.22	38.82
1993					1998
Jan	63.82	49.05	68.47	51.52	Jan		63.27	38.39	66.87	39.60
Feb	64.69	49.54	69.51	52.13	Feb		62.91	38.41	66.38	39.55
					Mar		62.15	37.90	65.51	38.97
	FEDAI RATE
1992					Apr		62.83	37.72	66.19	38.79
Mar	53.30	42.16	56.53	43.87	May		62.39	37.25	65.68	38.25
Apr	50.86	40.34	54.05	41.95	Jun		61.08	36.13	64.29	37.07
May	51.76	40.82	55.06	42.48	Jul		61.20	35.96	64.49	36.92
Jun	51.19	40.14	54.60	41.86	Aug		60.99	35.94	64.32	36.92
Jul	52.50	41.02	55.74	42.43	Sep		59.67	35.09	62.92	36.06
Aug	53.30	41.80	56.00	42.51	Oct		58.61	34.12	61.89	35.14
Sep	54.00	42.05	56.72	42.80	Nov		59.21	34.28	62.51	35.32
Oct	55.60	43.07	58.37	43.90	Dec		58.50	33.93	61.80	34.96
Nov	57.80	44.52	60.04	45.50	1999
Dec	57.15	43.75	59.10	44.75	Jan		57.91	33.97	61.23	35.02
1993					Feb		59.18	34.50	62.56	35.56
Jan	57.16	44.12	59.25	45.18	Mar		59.96	34.98	63.40	36.07
Feb	54.76	42.16	56.89	43.24	Apr		59.81	34.88	63.25	35.95
Mar	56.98	43.85	59.15	44.94	May		60.06	34.96	63.45	36.01
Apr	55.81	42.86	57.95	43.93	Jun		60.04	34.81	63.51	35.89
May	55.92	42.78	58.14	43.89	Jul		60.12	34.80	63.64	35.92
Jun	56.60	42.88	58.99	44.09	Aug		59.23	34.07	62.73	35.18
Jul	57.87	43.52	60.34	44.77	Sep		59.06	33.84	62.59	34.99
Aug	58.42	43.32	61.02	44.63	Oct		59.01	33.51	62.58	34.66
Sep	58.79	42.94	61.33	44.18	Nov	P	59.69	33.91	63.40	35.12
Oct	60.25	43.30	62.84	44.54	Dec	P	59.19	33.91	62.91	35.16
Nov	60.76	43.83	63.37	45.06	2000
Dec	61.02	44.05	63.53	45.20	Jan	P	59.09	33.91	62.74	35.13
1994					Feb	P	59.94	34.45	63.66	35.67
Jan	61.49	44.45	64.05	45.67	Mar	P	61.17	34.56	65.06	35.83
Feb	61.31	44.08	63.98	45.36	Apr	P	62.22	34.69	66.28	36.00
Mar	60.89	43.74	63.55	44.99	May	P	63.04	35.18	67.18	36.52
Apr	63.34	43.67	66.17	44.97	Jun	P	61.29	34.13	65.27	35.40
May	63.22	43.33	65.96	44.57	Jul	P	61.65	34.30	65.64	35.57
Jun	63.60	42.99	66.31	44.20	Aug	P	61.12	33.95	65.13	35.23
Jul	63.04	42.26	65.72	43.45	Sep	P	61.81	34.25	65.95	35.58
Aug	63.28	42.33	65.95	43.48	Oct	P	63.17	34.32	67.44	35.67
Sep	62.85	42.05	65.53	43.19
Oct	62.62	41.65	65.30	42.78
Nov	62.96	41.79	65.69	42.92
Dec	64.25	42.27	67.07	43.41

P Provisional.

Note : REER Indices have been recalculated from April 1994 onwards using the new wholesale price index (WPI) series (Base:1993-94=100).