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Document - Table 157 : Indices of real effective exchange rate (REER) and nominal effective exchange rate (NEER) of the Indian rupee (36-country bilateral weights) (financial year – annual average) (base : 1985 = 100) () or PDF - Table 157 : Indices of real effective exchange rate (REER) and nominal effective exchange rate (NEER) of the Indian rupee (36-country bilateral weights) (financial year – annual average) (base : 1985 = 100) ()
Date : Sep 18, 2006
Table 157 : Indices of real effective exchange rate (REER) and nominal effective exchange rate (NEER) of the Indian rupee (36-country bilateral weights) (financial year – annual average) (base : 1985 = 100)

(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.