NEER & REER | Concepts of Economy | By Sivakumar Sir | UPSC | Rau's IAS

he nominal effective exchange rate (NEER) is an unadjusted weighted average rate at which one country’s currency exchanges for a basket of multiple foreign currencies, Where as The real effective exchange rate (REER) is the weighted average of a country’s currency in relation to an index or basket of other major currencies.
Increase in any of these indices mean the export competitiveness of India is decreasing as rupee appreciating agains the basket of currencies.
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