Real Effective Exchange Rate (REER)
Why in the News? The rupee has been hitting record lows against the US dollar but has simultaneously reached an all-time high in real effective terms. In November 2024, the Real Effective Exchange Rate (REER) index of the rupee touched 108.14, strengthening by 4.5% during the year, according to the RBI. What is Effective Exchange… Continue reading Real Effective Exchange Rate (REER)