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    No. 49: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee

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    khusbu
    This document presents statistics on indices of real effective exchange rate (REER) and nominal effective exchange rate (NEER) of the Indian rupee against a basket of six currencies from 2004-05 to 2011-12. It shows that between 2004-05 and 2010-11, the REER generally increased, indicating appreciation of the rupee, while the NEER fluctuated over time. Monthly data is also provided for 2008-09, 2009-10, and 2010-11, with NEER and REER indices varying each month but generally within a narrow range. Notes explain that a rising index means rupee appreciation and the methodology is described in a 2005 issue.

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    No. 49: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee

    Uploaded by

    khusbu
    49 views1 page
    This document presents statistics on indices of real effective exchange rate (REER) and nominal effective exchange rate (NEER) of the Indian rupee against a basket of six currencies from 2004-05 to 2011-12. It shows that between 2004-05 and 2010-11, the REER generally increased, indicating appreciation of the rupee, while the NEER fluctuated over time. Monthly data is also provided for 2008-09, 2009-10, and 2010-11, with NEER and REER indices varying each month but generally within a narrow range. Notes explain that a rising index means rupee appreciation and the methodology is described in a 2005 issue.

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    IFM-RBI-Reer-Neer-Page

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    This document presents statistics on indices of real effective exchange rate (REER) and nominal effective exchange rate (NEER) of the Indian rupee against a basket of six currencies from 2004-05 to 2011-12. It shows that between 2004-05 and 2010-11, the REER generally increased, indicating appreciation of the rupee, while the NEER fluctuated over time. Monthly data is also provided for 2008-09, 2009-10, and 2010-11, with NEER and REER indices varying each month but generally within a narrow range. Notes explain that a rising index means rupee appreciation and the methodology is described in a 2005 issue.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    49 views1 page

    No. 49: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange Rate (NEER) of The Indian Rupee

    Uploaded by

    khusbu
    This document presents statistics on indices of real effective exchange rate (REER) and nominal effective exchange rate (NEER) of the Indian rupee against a basket of six currencies from 2004-05 to 2011-12. It shows that between 2004-05 and 2010-11, the REER generally increased, indicating appreciation of the rupee, while the NEER fluctuated over time. Monthly data is also provided for 2008-09, 2009-10, and 2010-11, with NEER and REER indices varying each month but generally within a narrow range. Notes explain that a rising index means rupee appreciation and the methodology is described in a 2005 issue.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    Current Statistics

    Trade and Balance of Payments

    No. 49: Indices of Real Effective Exchange Rate (REER) and Nominal Effective Exchange
    Rate (NEER) of the Indian Rupee
    (6-Currency Trade Based Weights)

    Year/Month Base: 2004-05 (April-March) =100 Base: 2009-10 (April-March) =100


    NEER REER NEER REER
    1 2 3 4
    2004-05 100.00 100.00 114.88 98.10
    2005-06 103.04 105.17 118.34 103.13
    2006-07 98.09 104.30 112.66 102.28
    2007-08 104.62 112.76 120.16 110.58
    2008-09 90.42 102.32 103.85 100.34
    2009-10 87.07 101.97 100.00 100.00
    2010-11 92.02 115.28 105.69 113.05

    2008-09 April 99.35 110.58 114.10 108.44


    May 94.86 105.92 108.94 103.87
    June 93.26 105.77 107.11 103.72
    July 92.49 105.29 106.22 103.25
    August 94.33 108.24 108.33 106.14
    September 90.35 103.67 103.76 101.66
    October 86.86 99.98 99.76 98.04
    November 88.08 100.80 101.16 98.85
    December 86.83 98.30 99.72 96.39
    January 87.00 97.86 99.92 95.96
    February 87.66 97.58 100.68 95.69
    March 84.00 93.90 96.47 92.08

    2009-10 April 85.28 96.12 97.94 94.26


    May 86.48 98.51 99.32 96.60
    June 86.71 98.71 99.59 96.80
    July 85.22 97.84 97.87 95.95
    August 85.04 98.90 97.66 96.99
    September 84.18 98.48 96.68 96.58
    October 86.67 101.53 99.54 99.57
    November 86.56 102.86 99.41 100.87
    December 87.21 103.99 100.16 101.98
    January 89.30 107.33 102.56 105.25
    February 90.03 107.98 103.40 105.88
    March 92.19 111.43 105.88 109.28

    2010-11 April 94.70 116.00 108.76 113.75


    May 94.24 116.19 108.24 113.94
    June 93.51 115.23 107.40 112.99
    July 90.96 112.64 104.47 110.46
    August 90.91 112.71 104.41 110.52
    September 91.38 113.96 104.95 111.75
    October 92.32 115.20 106.03 112.97
    November 91.52 115.08 105.10 112.85
    December 92.47 117.94 106.19 115.66
    January 91.46 117.31 105.04 115.04
    February 90.37 115.54 103.78 113.30
    March 90.43 115.56 103.86 113.32

    2011-12 April 90.60 117.68 104.05 115.40


    All Figures are Provisional.
    Notes: 1. Rise in indices indicate appreciation of rupee and vice versa.
    2. For “Note on Methodology” on the indices presented here, please see December 2005 issue of this Bulletin.
    3. Base year 2009-10 is a moving one, which gets updated every year.

    S 626 RBI Monthly Bulletin June 2011

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