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Document - 36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee () or PDF - 36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee ()
36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee
Date : Jan 17, 2025
Item 2022-23 2023-24 2023 2024
Dec Nov Dec
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-Weighted          
1.1 NEER 91.20 90.73 90.22 91.80 91.76
1.2 REER 102.78 103.70 103.50 108.13 107.20
2 Export-Weighted          
2.1 NEER 93.01 93.11 92.74 94.24 94.09
2.2 REER 101.10 101.21 101.11 104.99 104.00
6-Currency Basket (Trade-weighted)          
1 Base : 2015-16 =100          
1.1 NEER 85.93 83.62 82.88 82.79 82.78
1.2 REER 101.80 101.66 101.62 105.48 104.76
2 Base : 2022-23 =100          
2.1 NEER 100.00 97.31 96.45 96.35 96.33
2.2 REER 100.00 99.86 99.82 103.61 102.91
Note: Data for 2023-24 and 2024-25 so far is provisional.
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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