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Table 142 : Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee

(36 - country bilateral weights)

(Financial  Year : Annual Average)

(Base : 1985=100)


Year

Export -based Weights

Trade-based Weights


REER

NEER

REER

NEER


1

2

3

4

5


1975-76

107.31

100.28

106.27

97.95

1976-77

102.49

101.13

101.34

98.67

1977-78

101.21

102.18

100.12

99.86

1978-79

93.11

99.68

91.98

97.18

1979-80

99.09

102.79

97.08

99.43

1980-81

106.15

106.48

104.48

103.46

1981-82

105.74

106.2

104.48

103.54

1982-83

102.09

107.09

101.17

104.75

1983-84

104.51

106.68

104.24

105.27

1984-85

100.44

101.77

100.86

101.47

1985-86

97.85

98.52

98.27

98.5

1986-87

90.12

85.77

90.24

85.85

1987-88

85.39

81.2

85.36

81.16

1988-89

80.26

75.25

80.41

75.57

1989-90

77.34

71.6

78.44

72.16

1990-91

73.33

66.19

75.58

67.2

1991-92

61.36

51.12

64.2

52.51

1992-93

54.42

42.3

57.08

43.46

1993-94

59.09

43.48

61.59

44.69

1994-95

63.29

42.2

66.04

43.37

1995-96

60.94

38.74

63.62

39.73

1996-97

61.14

38.09

63.81

38.97

1997-98

63.76

38.93

67.02

40.01

1998-99

60.13

35.32

63.44

36.34

1999-00

59.7

34.3

63.29

35.46

2000-01

62.47

34.24

66.53

35.52

2001-02 P

64.36

34.54

68.43

35.75


P : Provisional.
Note : 1. Data up to 1991-92 are based on Official Exchange Rates and data from 1992-93 onwards  are based on  FEDAI (Foreign Exchange Dealers’ Association of India) Indicative Rates.
2.  REER Indices  have been recalculated from 1994 -95 onwards using the new wholesale price index (WPI) series(Base : 1993-94 = 100).

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