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Date : Oct 01, 2007

Table 154 : 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)

(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.