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TIMELINE-Changes to India's cash reserve ratio since 1992
January 29, 2013 / 6:52 AM / 5 years ago

TIMELINE-Changes to India's cash reserve ratio since 1992

MUMBAI, Jan 29 (Reuters) - India's central bank reduced its
policy interest rate by a widely expected 25 basis points on
Tuesday, taking comfort from  cooling inflation as it made the
first cut in nine months to support an economy headed for its
slowest growth in a decade.
    The Reserve Bank of India cut its key repo rate 
to 7.75 percent, as forecast by a Reuters poll. Subsequently,
the reverse repo rate fell to 6.75 percent.
    The RBI unexpectedly also reduced the cash reserve ratio
(CRR), the share of deposits banks must keep with
the central bank, by 25 basis points (bps) to 4.00 percent,
which will infuse an additional 180 billion rupees into the
banking system.
    It left the minimum requirement for banks' government bond
holdings at 23 percent of deposits. 
         
    -- Timeline for repo           
    -- Timeline for reverse repo   
    -- Timeline for SLR            
  
    Following is a timeline of changes to the CRR since 1992. 
     
    RATE (percent)    EFFECTIVE DATE (day-month-year)
    4.00                     09-02-2013
    4.25                     03-11-2012  
    4.50                     22-09-2012 
    4.75                     10-03-2012 
    5.50                     28-01-2012 
    6.00                     24-04-2010 
    5.75                     27-02-2010 
    5.50                     13-02-2010 
    5.00                     17-01-2009 
    5.50                     08-11-2008 
    6.00                     01-11-2008 
    6.50                     15-10-2008 
    7.50                     11-10-2008 
    9.00                     30-08-2008 
    8.75                     19-07-2008 
    8.50                     05-07-2008 
    8.25                     24-05-2008 
    8.00                     10-05-2008 
    7.75                     26-04-2008 
    7.50                     10-11-2007 
    7.00                     04-08-2007 
    6.50                     28-04-2007 
    6.25                     14-04-2007 
    6.00                     03-03-2007 
    5.75                     17-02-2007 
    5.50                     08-12-2006 
    5.00                     02-10-2004 
    4.75                     18-09-2004 
    4.50                     14-06-2003 
    4.75                     16-11-2002 
    5.00                     01-06-2002 
    5.50                     29-12-2001 
    5.75                     03-11-2001 
    7.50                     19-05-2001 
    8.00                     10-03-2001 
    8.25                     24-02-2001 
    8.50                     12-08-2000 
    8.25                     29-07-2000 
    8.00                     22-04-2000 
    8.50                     08-04-2000 
    9.00                     20-11-1999 
    9.50                     06-11-1999 
   10.00                     08-05-1999 
   10.50                     13-03-1999 
   11.00                     29-08-1998 
   10.00                     11-04-1998 
   10.25                     28-03-1998 
   10.50                     17-01-1998 
   10.00                     06-12-1997 
    9.50                     22-11-1997 
    9.75                     25-10-1997 
   10.00                     18-01-1997 
   10.50                     04-01-1997 
   11.00                     09-11-1996 
   11.50                     26-10-1996 
   12.00                     06-07-1996 
   13.00                     11-05-1996 
   13.50                     27-04-1996 
   14.00                     09-12-1995 
   14.50                     11-11-1995 
   15.00                     06-08-1994 
   14.75                     09-07-1994 
   14.50                     11-06-1994 
   14.00                     15-05-1993 
   14.50                     17-04-1993 
   15.00                     08-10-1992 

 (Compiled by Shamik Paul; Editing by G.Ram Mohan)

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