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Timeline: Changes to repo rate since June 2000
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An employee arranges Indian currency notes at a cash counter inside a bank in Agartala February 18, 2010.
Credit: Reuters/Jayanta Dey/Files
MUMBAI |
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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