In recent years, the monitoring of Vegetation Water Content (VWC) by Global Navigation Satellite System Interferometric Reflectometry (GNSS-IR) has attracted considerable interest. The normalized microwave reflectance index (NMRI) based on GNSS-IR technology has been proven to reflect the changes of VWC effectively. From the trial inversion with the NMRI provided by multiple GNSS sites data with MODIS data, the spatially continuous NMRI product can be obtained by this effective method, but the temporal resolution of existing NMRI products is only 16 days due to the vegetation index products involved in the inversion process limited it. The purpose of this investigation is to obtain a spatially continuous NMRI product with higher temporal resolution, we synthesized three indices with a temporal and spatial resolution of 8 Day/500 m from MODIS band data: Normalized Difference Vegetation Index (NDVI), Normalized Difference Infrared Index (NDII), and Normalized Difference Water Index (NDWI). On this basis, an inversion method based on multi-source data is proposed. This method aims at to select various vegetation indices more relevant to NMRI through correlation analysis, and construct an inversion model of Genetic Algorithm based Back Propagation Neural Network (GA-BPNN). The results show that the non-linear relationship between NMRI and various vegetation indices can be constructed by GA-BPNN model, and the fitting process is relatively stable. The spatiotemporal variation in the 8 day/500 m resolution NMRI product obtained by GA-BPNN fusion is consistent with that in the study area. Furthermore, the spatial performance of the NMRI product is consistent with the fire danger forecast product in 2012, which verifies the NMRI product can be used to predict drought and fire risk.