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36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee
Date : Sep 20, 2024
Item 2022-23 2023-24 2023 2024
Aug Jul Aug
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-Weighted          
1.1 NEER 91.20 90.74 90.86 92.02 90.84
1.2 REER 102.78 103.70 105.41 107.45 105.45
2 Export-Weighted          
2.1 NEER 93.01 93.12 93.08 94.48 93.46
2.2 REER 101.10 101.21 102.74 104.46 102.75
6-Currency Basket (Trade-weighted)          
1 Base : 2015-16 =100          
1.1 NEER 85.93 83.62 83.73 83.40 82.04
1.2 REER 101.80 101.66 103.03 104.45 102.59
2 Base : 2022-23 =100          
2.1 NEER 100.00 97.31 97.44 97.06 95.47
2.2 REER 100.00 99.86 101.20 102.60 100.77
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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