... Revision of Nominal Effective Exchange Rate (NEER) and Real Effective Exchange Rate (REER) Indices*The ... this regard, the RBI Press Release dated November 4, 2005 had set out the broad outline of the revision of the REER/NEER indices. As indicated in the Press Release, this is a detailed article ... country/currency coverage (n), relative prices (P/Pi), weights (wi) and exchange rates (e/ei). The revision of REER relating tothe above parameters/variables is as follows.II. COVERAGEThe new six-currency...