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Date : Sep 15, 2023
Table 202 : 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
2018 (Base : 2015-16=100)   2021 (Base : 2015-16=100)
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 94.23 103.46 93.78 103.06
Mar 100.65 102.99 100.75 102.98 Mar 95.01 103.93 94.52 103.37
Apr 100.05 102.78 100.03 102.65 Apr 92.26 100.90 92.40 99.84
May 98.79 101.72 98.74 101.54 May 93.25 104.32 93.42 103.21
Jun 99.21 102.35 99.15 102.14 Jun 93.03 104.74 93.22 103.52
Jul 98.86 102.73 98.36 102.12 Jul 92.63 104.85 92.79 103.54
Aug 98.48 102.41 98.03 101.86 Aug 93.19 105.23 93.36 103.95
Sep 95.10 98.37 94.69 97.90 Sep 93.92 105.98 94.11 104.63
Oct 93.69 97.00 93.13 96.40 Oct 93.00 105.64 93.22 104.24
Nov 96.08 99.65 95.56 99.12 Nov 93.50 106.45 94.03 105.32
Dec 97.48 100.65 97.04 100.27 Dec 92.95 105.07 93.73 104.11
2019         2022        
Jan 96.88 99.72 96.57 99.52 Jan 93.94 105.29 94.70 104.17
Feb 96.07 98.69 95.78 98.58 Feb 93.16 104.07 93.90 102.90
Mar 98.73 101.49 98.43 101.35 Mar 92.74 103.38 93.71 102.28
Apr 98.98 101.80 98.62 101.61 Apr 93.12 103.66 94.72 102.32
May 99.26 102.37 98.74 101.98 May 93.13 104.97 94.69 103.37
Jun 99.45 103.02 98.91 102.66 Jun 92.41 104.29 94.22 102.71
Jul 100.14 104.59 99.66 104.32 Jul 91.86 103.83 93.79 102.34
Aug 97.85 102.43 97.19 101.99 Aug 92.05 104.09 93.97 102.52
Sep 97.79 102.75 97.14 102.37 Sep 92.84 105.02 94.60 103.16
Oct 98.06 103.76 97.33 103.31 Oct 91.67 104.02 93.21 101.79
Nov 97.28 103.78 96.55 103.37 Nov 91.42 103.41 92.99 101.22
Dec 97.43 104.99 96.70 104.59 Dec 89.28 100.36 91.00 98.51
2020         2023        
Jan 96.91 104.09 96.35 104.00 Jan 89.09 100.05 91.05 98.51
Feb 97.57 103.81 96.91 103.69 Feb 88.81 99.65 90.73 97.92
Mar 95.25 101.00 94.43 100.64 Mar 89.55 100.23 91.42 98.28
Apr 93.99 101.16 93.50 100.37 Apr 89.13 98.48 91.15 96.54
May 94.40 102.21 93.99 101.48 May 89.24 99.90 91.19 97.82
Jun 93.09 101.44 92.71 100.69 Jun 90.41 102.35 92.19 99.92
Jul 93.68 103.17 93.29 102.54 Jul 90.77 105.50 92.58 102.92
Aug 93.47 103.04 93.10 102.51          
Sep 94.82 105.52 94.53 105.07          
Oct 94.68 106.40 94.52 106.07          
Nov 93.01 104.84 92.98 104.63          
Dec 92.95 103.34 92.80 103.13          
Notes : 1. REER figures are based on Consumer Price Index.
2. Data for 2021-22, 2022-23 and 2023-24 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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