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Table 158 : Indices of real effective exchange rate (REER) and nominal effective exchange rate (NEER) of the Indian rupee (36-currency bilateral weights) (financial year - annual average) (base : 1993-94 = 100)

(Base : 1993-94 = 100)

Year

 

Export-based
 weights

 

 

Trade-based
 weights

 

 

REER

NEER

REER

NEER

1

 

2

3

4

5

1993-94

 

100.00

100.00

100.00

100.00

1994-95

 

104.88

98.18

104.32

98.91

1995-96

 

100.10

90.94

98.19

91.54

1996-97

 

98.95

89.03

96.83

89.27

1997-98

 

103.07

91.97

100.77

92.04

1998-99

 

94.34

90.34

93.04

89.05

1999-00

 

95.28

90.42

95.99

91.02

2000-01

 

98.67

90.12

100.09

92.12

2001-02

 

98.59

89.08

100.86

91.58

2002-03

 

95.99

87.01

98.18

89.12

2003-04

 

99.07

87.89

99.56

87.14

2004-05

 

98.30

88.41

100.09

87.31

2005-06 P

100.78

91.16

102.48

89.85

P : Provisional.
Note : 1. REER indices are recalculated from 1993-94 onwards using the new Wholesale Price Index (WPI) series (Base : 1993-94 = 100).
2. The 36-Country REER & NEER are revised as 36- Currency REER & NEER respectively and for “note on Methodology” on the indices,please see December 2005 Issue of RBI Bulletin.
Also see Notes on Tables.

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