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Increasing Real Effective Exchange Rate in India

Kumari Sonali

Increasing Real Effective Exchange Rate in India:

the Reserve Bank of India (RBI) reported that the Real Effective Exchange Rate (REER) of the rupee reached 108.14 in November 2024 from 107.20 in October 2024, marking its highest level this year.The rupee’s REER of 108.14 indicates overvaluation since 2015-16, undermining export competitiveness, despite nominal depreciation against the USD, revealing contrasting Nominal Effective Exchange Rate (NEER) and REER indices.

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