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What is REER ?

REER is Real Effective Exchange Rate : The weighted average of one country’s currency against the relative index of other major currencies. This is a effective tools against the inflation. The value of one country currency will be determine against other major currencies in the index through Exchange rate.

Major currencies which are traded in index are USD, YEN, Pound, Euro etc.

For Example : Indian currency Rupees (domestic currency) depreciated against USD (Foreign Currency)

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