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Date : Sep 15, 2021
Table 199 : Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee (40-Currency Basket) (Monthly Average)
Year/ Month Trade-weighted Export-weighted Year/ Month Trade-weighted Export-weighted
NEER REER NEER REER NEER REER NEER REER
1 2 3 4 5 1 2 3 4 5
2016 (Base: 2015-16 = 100) 2019 (Base: 2015-16 = 100)
Jan 99.84 100.68 99.60 100.50 Jan 96.88 99.72 96.57 99.52
Feb 97.71 97.90 97.48 97.88 Feb 96.07 98.69 95.78 98.58
Mar 98.68 98.59 98.56 98.66 Mar 98.73 101.49 98.43 101.35
Apr 98.51 99.23 98.44 99.31 Apr 98.98 101.80 98.62 101.61
May 98.46 99.93 98.25 99.82 May 99.26 102.37 98.74 101.98
Jun 98.32 100.62 97.91 100.25 Jun 99.45 103.02 98.91 102.66
Jul 99.15 102.09 98.50 101.53 Jul 100.14 104.59 99.66 104.32
Aug 99.15 101.87 98.48 101.30 Aug 97.85 102.43 97.19 101.99
Sep 99.65 101.94 98.96 101.40 Sep 97.79 102.75 97.14 102.37
Oct 100.31 102.79 99.67 102.25 Oct 98.06 103.76 97.33 103.31
Nov 100.45 102.64 99.95 102.20 Nov 97.28 103.78 96.55 103.37
Dec 101.20 102.54 100.65 102.05 Dec 97.43 104.99 96.70 104.59
2017         2020        
Jan 100.73 101.55 100.34 101.24 Jan 96.91 104.09 96.35 104.00
Feb 101.59 102.35 101.23 102.05 Feb 97.57 103.81 96.91 103.69
Mar 103.39 104.10 102.99 103.72 Mar 95.25 101.00 94.43 100.64
Apr 105.22 105.97 104.91 105.63 Apr 94.00 101.16 93.50 100.37
May 104.87 105.76 104.47 105.33 May 94.40 102.21 93.99 101.49
Jun 104.27 105.48 104.02 105.19 Jun 93.10 101.44 92.71 100.69
Jul 103.77 106.74 103.52 106.49 Jul 93.68 103.17 93.29 102.54
Aug 103.91 107.52 103.72 107.30 Aug 93.48 103.04 93.10 102.51
Sep 102.60 105.65 102.47 105.47 Sep 94.82 105.52 94.53 105.07
Oct 102.40 105.93 102.20 105.63 Oct 94.69 106.40 94.52 106.07
Nov 102.99 107.60 102.80 107.27 Nov 93.01 104.84 92.98 104.63
Dec 103.58 107.57 103.41 107.28 Dec 92.96 103.34 92.80 103.13
2018         2021        
Jan 103.15 106.28 103.15 106.21 Jan 93.71 103.00 93.30 102.57
Feb 101.50 103.79 101.63 103.91 Feb 94.24 103.46 93.78 103.06
Mar 100.65 102.99 100.75 102.98 Mar 95.01 103.94 94.52 103.37
Apr 100.05 102.78 100.03 102.65 Apr 92.82 100.55 92.36 99.92
May 98.79 101.72 98.74 101.54 May 93.82 103.96 93.40 103.31
Jun 99.21 102.35 99.15 102.14 Jun 93.61 104.34 93.20 103.60
Jul 98.86 102.73 98.36 102.12 Jul 93.20 104.44 92.76 103.65
Aug 98.48 102.41 98.03 101.86          
Sep 95.10 98.37 94.69 97.90          
Oct 93.69 97.00 93.13 96.40          
Nov 96.08 99.65 95.56 99.12          
Dec 97.48 100.65 97.04 100.27          
Notes : 1. REER figures are based on Consumer Price Index.
2. Data for 2019-20, 2020-21 and 2021-22 are provisional.
3. 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.
Also see Notes on Tables.

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