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36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee
Date : Mar 19, 2024
Item 2021-22 2022-23 2023 2024
Feb Jan Feb
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-Weighted          
1.1 NEER 93.13 91.27 88.81 90.72 91.99
1.2 REER 104.67 102.86 99.83 103.65 104.72
2 Export-Weighted          
2.1 NEER 93.55 93.03 90.73 93.24 94.40
2.2 REER 103.48 101.12 98.11 101.25 102.05
6-Currency Basket (Trade-weighted)          
1 Base : 2015-16 =100          
1.1 NEER 87.04 85.93 82.79 83.18 83.80
1.2 REER 102.12 101.80 98.10 101.98 102.48
2 Base : 2021-22 =100          
2.1 NEER 100.00 98.72 95.11 95.57 96.27
2.2 REER 100.00 99.69 96.07 99.86 100.35
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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