NO. 50 : INDICES OF REAL EFFECTIVE EXCHANGE RATE (REER) AND NOMINAL EFFECTIVE EXCHANGE RATE (NEER) OF THE INDIAN RUPEE

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પ્રકાશિત તારીખ સપ્ટેમ્બર 05, 1998

સાંભળો

NO. 50 : INDICES OF REAL EFFECTIVE EXCHANGE RATE (REER) AND NOMINAL EFFECTIVE EXCHANGE RATE (NEER) OF THE INDIAN RUPEE

(5-country trade based weights)



Year/Month/Day			Base :1991-92		Base: 1993-94		Base : 1996-97
			(April-March) =100		(April-March) =100		(April-March) =100
			NEER	REER	NEER	REER	NEER	REER

1			2	3	4	5	6	7


1990-91			133.07	121.64	175.04	141.69	202.65	137.33
1991-92			100.00	100.00	131.54	116.48	152.29	112.89
1992-93			89.57	96.42	117.81	112.31	136.39	108.85
1993-94			76.02	85.85	100.00	100.00	115.77	96.92
1994-95			73.06	89.76	96.09	104.55	111.25	101.33
1995-96			66.67	86.33	87.69	100.56	101.52	97.46
1996-97			65.67	88.58	86.38	103.18	100.00	100.00
1997-98(P)			65.71	91.08	86.43	106.08	100.06	102.82

1993	January		92.35	99.49	121.48	115.88	140.64	112.31
	February		93.14	100.54	122.51	117.10	141.83	113.50
	March		76.80	82.88	101.02	96.54	116.95	93.57

1993-94	April		75.39	81.43	99.16	94.84	114.81	91.92
	May		75.17	81.54	98.88	94.98	114.48	92.05
	June		75.46	82.67	99.26	96.29	114.91	93.32
	July		76.49	84.45	100.61	98.37	116.49	95.34
	August		75.90	84.95	99.84	98.95	115.58	95.90
	September		74.98	85.19	98.63	99.22	114.19	96.17
	October		75.57	87.24	99.40	101.62	115.08	98.49
	November		76.57	88.23	100.72	102.76	116.61	99.60
	December		76.78	88.40	100.99	102.97	116.92	99.80
	January		77.34	89.22	101.73	103.92	117.78	100.72
	February		76.70	88.92	100.88	103.58	116.80	100.39
	March		75.94	88.01	99.89	102.51	115.65	99.36

1994-95	April		75.88	90.00	99.81	104.83	115.56	101.61
	May		75.27	90.49	99.01	105.40	114.63	102.16
	June		74.60	90.19	98.13	105.06	113.61	101.82
	July		73.18	89.56	96.25	104.32	111.44	101.10
	August		73.31	89.73	96.42	104.51	111.63	101.30
	September		72.82	88.87	95.78	103.51	110.89	100.32
	October		72.05	88.24	94.78	102.78	109.73	99.62
	November		72.33	89.04	95.14	103.72	110.15	100.52
	December		73.28	91.37	96.39	106.43	111.59	103.15
	January		72.67	91.43	95.59	106.50	110.67	103.22
	February		72.14	91.00	94.89	105.99	109.85	102.73
	March		69.14	87.20	90.94	101.57	105.29	98.45

1995-96	April		68.18	86.61	89.68	100.88	103.83	97.77
	May		68.92	88.38	90.66	102.95	104.96	99.78
	June		68.69	88.22	90.35	102.76	104.60	99.60
	July		68.96	89.21	90.71	103.91	105.02	100.71
	August		70.37	91.42	92.56	106.49	107.16	103.21
	September		68.04	88.51	89.50	103.09	103.61	99.92
	October		64.80	84.49	85.23	98.41	98.68	95.38
	November		64.63	84.72	85.01	98.68	98.42	95.64
	December		64.64	84.29	85.03	98.18	98.44	95.16
	January		63.75	82.72	83.85	96.35	97.08	93.38
	February		62.39	80.89	82.06	94.22	95.01	91.32
	March		66.62	86.51	87.63	100.76	101.46	97.66

1996-97	April		67.47	88.05	88.75	102.56	102.75	99.40
	May		66.19	86.94	87.07	101.27	100.80	98.15
	June		66.26	87.36	87.16	101.75	100.91	98.62
	July		65.03	87.12	85.54	101.47	99.03	98.35
	August		64.28	86.99	84.56	101.33	97.89	98.21
	September		64.63	87.85	85.01	102.33	98.42	99.18
	October		65.13	88.64	85.67	103.24	99.18	100.06
	November		64.28	87.95	84.56	102.45	97.89	99.29
	December		64.67	88.53	85.07	103.11	98.49	99.94
	January		65.49	89.50	86.14	104.24	99.73	101.03
	February		67.11	91.94	88.27	107.09	102.20	103.79
	March		67.44	92.10	88.71	107.27	102.70	103.97

1997-98	April		67.84	92.62	89.24	107.88	103.31	104.56
	May		67.03	91.40	88.16	106.46	102.07	103.18
	June		66.71	91.03	87.74	106.03	101.59	102.76
	July		67.40	92.31	88.66	107.52	102.64	104.21
	August		68.45	93.95	90.04	109.44	104.24	106.07
	September		67.19	92.55	88.38	107.80	102.32	104.48
	October		67.05	93.21	88.20	108.57	102.11	105.22
	November		65.03	90.46	85.54	105.36	99.03	102.12
	December		62.71	87.93	82.48	102.42	95.49	99.26
	January		63.04	89.50	82.92	104.24	96.00	101.03
	February		63.39	89.72	83.38	104.50	96.53	101.29
	March	(P)	62.65	80.24	82.40	102.79	95.40	99.62

1998-99	April	(P)	62.55	88.78	82.27	103.40	95.25	100.22
	May	(P)	61.44	88.70	80.82	102.16	93.57	99.01
	June	(P)	59.36	85.11	78.08	99.13	90.40	96.08
	July	(P)	59.07	85.96	77.70	100.13	89.96	97.04

	As on

	July 31	(P)	59.15	86.36	77.80	100.60	90.07	97.50
	August 7	(P)	59.24	86.54	77.92	100.80	90.21	97.70
	August 14	(P)	58.67	85.72	77.18	99.84	89.35	96.77
	August 21	(P)	59.26	86.57	77.95	100.84	90.24	97.74

Note :	Rise in indices indicate appreciation of rupee and vice versa.
	For Note on Methodology on the indices presented here, please see Page S 653 of July 1998 issue of this Bulletin.