48. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee

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48. Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of the Indian Rupee

(36-Currency Export and Trade Based Weights)
(Base: 1993-94=100)*
Year	Trade Based Weights		Export Based Weights		Year		Trade Based Weights		Export Based Weights
Year	REER	NEER	REER	NEER	Year		REER	NEER	REER	NEER
1	2	3	4	5	1		2	3	4	5
1993-94	100.00	100.00	100.00	100.00	2007-08	April	102.60	91.80	101.88	92.89
						May	106.01	94.69	105.24	95.83
1994-95	104.32	98.91	104.88	98.18		June	105.92	94.97	105.03	96.07
						July	105.99	94.84	105.19	96.08
1995-96	98.19	91.54	100.10	90.94		August	105.34	94.38	104.47	95.52
						September	105.90	94.65	105.12	95.91
1996-97	96.83	89.27	98.95	89.03		October	106.09	95.29	105.35	96.73
						November	104.63	94.27	104.01	95.83
1997-98	100.77	92.04	103.07	91.97		December	104.94	94.68	104.19	96.11
						January	104.85	94.29	104.26	95.91
1998-99	93.04	89.05	94.34	90.34		February	103.51	93.11	103.04	94.82
						March	101.94	90.01	101.72	91.92
1999-00	95.99	91.02	95.28	90.42	2008-09 (P)	April	101.67	91.51	101.60	91.92
						May	97.55	87.39	97.33	87.69
2000-01	100.09	92.12	98.67	90.12		June	97.58	86.03	97.49	86.36
						July	97.22	85.41	97.34	85.83
2001-02	100.86	91.58	98.59	89.08		August	99.45	87.04	99.47	87.27
						September	95.69	83.96	95.68	84.06
2002-03	98.18	89.12	95.99	87.01		October	92.01	81.91	91.99	81.81
						November	92.17	83.39	92.04	83.16
2003-04	99.56	87.14	99.07	87.89		December	90.01	82.47	89.81	82.25
						January	89.80	82.27	89.28	81.85
2004-05	100.09	87.31	98.3	88.41		February	90.59	83.84	90.14	83.47
						March	88.05	80.75	87.28	80.37
2005-06	102.35	89.85	100.54	91.17	2009-10 (P)	April	87.62	83.61	87.10	80.73
						May	89.70	84.43	89.07	81.59
2006-07	98.48	85.89	97.42	87.46		June	90.21	84.78	89.53	81.86
						July	89.71	83.40	89.03	80.48
2007-08	104.81	93.91	104.12	95.30		August	90.26	83.13	89.54	80.21
						September	90.01	82.18	89.25	79.36
2008-09 (P)	94.32	84.66	94.12	84.67		October	92.06	84.31	91.36	81.53
						November	93.56	84.27	92.90	81.50
						December	93.62	84.73	93.03	81.95
						January	96.26	86.29	95.76	83.56
* : For “Note on Methodology” and time series data on the indices presented here, please see December 2005 issue of this Bulletin.