Timeline: Changes to repo rate since June 2000

MUMBAI Tue Dec 18, 2012 12:57pm IST

An employee arranges Indian currency notes at a cash counter inside a bank in Agartala February 18, 2010. REUTERS/Jayanta Dey/Files

An employee arranges Indian currency notes at a cash counter inside a bank in Agartala February 18, 2010.

Credit: Reuters/Jayanta Dey/Files

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MUMBAI (Reuters) - The RBI left its key interest rates unchanged as expected on Tuesday, but said policy focus was shifting towards growth, reiterating its October guidance of further easing in the first quarter of 2013 as inflation was seen cooling.

The Reserve Bank of India held the policy repo rate at 8 percent, and subsequently, the reverse repo rate was left unchanged at 7 percent.

The RBI also kept the cash reserve ratio, the share of deposits banks must keep with the central bank in cash, steady at 4.25 percent.

It left the minimum requirement for banks' government bond holdings at 23 percent of deposits.

Following is a timeline of changes to the repo rate since June 2000.

* RATE (percent) EFFECTIVE DATE (day-month-year)

8.00 17-04-2012

8.50 25-10-2011

8.25 16-09-2011

8.00 26-07-2011

7.50 16-06-2011

7.25 03-05-2011

6.75 17-03-2011

6.50 25-01-2011

6.25 02-11-2010

6.00 16-09-2010

5.75 27-07-2010

5.50 02-07-2010

5.25 20-04-2010

5.00 19-03-2010

4.75 21-04-2009

5.00 04-03-2009

5.50 02-01-2009

6.50 08-12-2008

7.50 03-11-2008

8.00 20-10-2008

9.00 29-07-2008

8.50 24-06-2008

8.00 11-06-2008

7.75 30-03-2007

7.50 31-01-2007

7.25 30-10-2006

7.00 25-07-2006

6.75 08-06-2006

6.50 24-01-2006

6.25 26-10-2005

6.00 31-03-2004

7.00 19-03-2003

7.10 07-03-2003

7.50 12-11-2002

8.00 28-03-2002

8.50 07-06-2001

8.75 30-04-2001

9.00 09-03-2001

10.00 06-11-2000

10.25 13-10-2000

13.50 06-09-2000

15.00 30-08-2000

16.00 09-08-2000

10.00 21-07-2000

9.00 13-07-2000

12.25 28-06-2000

12.60 27-06-2000

13.05 23-06-2000

13.00 22-06-2000

13.50 21-06-2000

14.00 20-06-2000

13.50 19-06-2000

10.85 14-06-2000

9.55 13-06-2000

9.25 12-06-2000

9.05 09-06-2000

9.00 07-06-2000

9.05 05-06-2000

* Note: Prior to October 29, 2004, the repo rate was known as the reverse repo rate. For further details, please see central bank's website:www.rbi.org.in.

(Compiled by Shamik Paul)

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