(Base : 1985 = 100)

Year

Export-based weights

Trade-based weights

REER

NEER

REER

NEER

1

2

3

4

5

1970

134.94

130.22

137.38

133.26

1971

125.94

122.29

125.36

122.33

1972

122.41

115.93

121.78

115.45

1973

120.82

107.79

119.55

106.63

1974

129.22

103.97

127.50

102.34

1975

116.45

102.07

114.14

99.87

1976

102.24

100.07

99.39

97.73

1977

101.37

100.38

98.46

98.06

1978

94.66

100.44

92.26

98.08

1979

97.53

101.23

94.51

98.02

1980

108.21

105.81

105.34

102.27

1981

106.80

106.21

105.54

103.59

1982

102.66

107.35

101.62

104.83

1983

103.95

106.89

103.47

105.19

1984

101.66

102.83

101.91

102.27

1985

100.00

100.00

100.00

100.00

1986

92.01

88.53

92.15

88.68

1987

85.46

81.83

85.43

81.73

1988

82.09

76.85

82.15

77.05

1989

77.62

72.06

78.37

72.52

1990

74.54

68.32

76.59

69.26

1991

64.55

55.08

67.13

56.29

1992

60.53

47.20

64.47

49.23

1993

57.86

43.30

60.23

44.47

1994

62.74

42.88

65.44

44.08

1995

62.22

39.77

64.97

40.82

1996

60.12

37.71

62.73

38.60

1997

63.66

39.06

66.75

40.08

1998

61.07

36.26

64.40

37.30

1999

59.44

34.35

62.94

35.46

2000

61.71

34.30

65.71

35.58

2001

63.80

34.27

67.81

35.45

2002

67.36

35.48

72.10

37.06

2003

P

69.24

35.05

73.78

36.48

P Provisional.

Note : 1. Data up to 1992 are based on official exchange rates and data from 1993 onwards are based on FEDAI (Foreign Exchange Dealers’ Association of India) indicative rates.

2. REER indices are recalculated from April 1994 onwards using the new Wholesale Price Index (WPI) series (Base : 1993-94 = 100).

3. REER and NEER indices are estimated using the common price index and the exchange rate for the Euro, thus representing 31 countries and the Euro area w.e.f. 01.03.2002.