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36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee
Date : Aug 17, 2023
Item 2021-22 2022-23 2022 2023
Jul. Jun Jul.
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-Weighted          
1.1 NEER 93.13 91.27 91.86 90.42 90.77
1.2 REER 104.66 102.80 103.83 102.36 105.43
2 Export-Weighted          
2.1 NEER 93.55 93.03 93.79 92.21 92.58
2.2 REER 103.47 101.05 102.34 99.95 102.81
6-Currency Basket (Trade-weighted)          
1 Base : 2015-16 =100          
1.1 NEER 87.04 85.93 86.81 84.12 83.75
1.2 REER 102.22 101.90 102.80 101.27 103.81
2 Base : 2021-22 =100          
2.1 NEER 100.00 98.72 99.73 96.64 96.22
2.2 REER 100.00 99.69 100.57 99.08 101.56
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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