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36. Indices of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) of the Indian Rupee
Date : May 21, 2025
Item 2023-24 2024-25 2024 2025
Apr Mar Apr
1 2 3 4 5
40-Currency Basket (Base: 2015-16=100)          
1 Trade-Weighted          
1.1 NEER 90.75 91.05 92.01 89.07 89.70
1.2 REER 103.71 105.28 103.23 101.50 100.80
2 Export-Weighted          
2.1 NEER 93.13 93.53 94.20 91.74 92.37
2.2 REER 101.22 102.35 100.21 98.71 97.88
6-Currency Basket (Trade-weighted)          
1 Base : 2015-16 =100          
1.1 NEER 83.62 82.39 83.72 80.25 80.36
1.2 REER 101.66 102.74 101.85 98.97 99.26
2 Base : 2022-23 =100          
2.1 NEER 97.31 95.89 97.43 93.39 93.52
2.2 REER 99.86 100.92 100.04 97.21 97.50
Note: Data for 2023-24 and 2024-25 so far is provisional.
Increase in indices indicates appreciation of rupee and vice versa. For 6-Currency index, base year 2022-23 is a moving one, which gets updated every year. REER figures are based on Consumer Price Index (combined). The details on methodology used for compilation of NEER/REER indices are available in December 2005, April 2014 and January 2021 issues of the RBI Bulletin.

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