Appendix Table VI.11: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee |
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Year/Month
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36 - country bilateral trade
weights
(Base : 1985 = 100)
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5 - country bilateral trade
weights
(Base : 1993-94 = 100)
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|
REER
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NEER
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REER
|
NEER
|
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1
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2
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3
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4
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5
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1993-94
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61.59
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44.69
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100.00
|
100.00
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1994-95
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66.04
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43.37
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105.81
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96.09
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1995-96
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63.62
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39.73
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102.29
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87.69
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1996-97
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63.81
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38.97
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103.43
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86.38
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1997-98
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67.02
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40.01
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105.84
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86.43
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1998-99
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63.44
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36.34
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97.79
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76.45
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1999-00
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63.29
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35.46
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96.74
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74.22
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2000-01
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66.53
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35.52
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100.76
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73.77
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2001-02
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68.43
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35.75
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102.09
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73.18
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2002-03
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72.76
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37.05
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97.88
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68.78
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2003-04 (P)
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74.14
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36.25
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99.60
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67.36
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2003-04
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April
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74.14
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36.72
|
99.55
|
68.18
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May
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|
72.67
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35.88
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97.91
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66.88
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June
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(P)
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73.07
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36.03
|
98.30
|
67.12
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July
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(P)
|
74.55
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36.83
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100.27
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68.56
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August
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(P)
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75.71
|
37.42
|
101.77
|
69.61
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September
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(P)
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75.75
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37.09
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101.86
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69.08
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October
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(P)
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75.04
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36.65
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100.48
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67.94
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November
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(P)
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74.72
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36.34
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100.72
|
67.63
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December
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(P)
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73.11
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35.58
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98.31
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66.14
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January
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(P)
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72.88
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35.18
|
97.99
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65.30
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February
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(P)
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73.32
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35.26
|
98.16
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65.25
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March
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(P)
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74.72
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36.03
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99.85
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66.64
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2004-05 (P)
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April
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|
77.01
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36.97
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103.12
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68.61
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May
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74.78
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35.72
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101.30
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67.27
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June
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75.98
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35.86
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100.80
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66.14
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P : Provisional.
Note : 1. The 36-country and 5-country REER indices have been
recalculated from April 1994 and
April 1993 onwards, respectively, using the new Wholesale Price Index
(WPI) series (Base : 1993-94=100).
2. The 36-country REER and NEER have been estimated using the common
price index and the
exchange rate for the Euro, thus, representing 31 countries and the Euro
area effective March 1, 2002.
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