January 29, 2013 / 6:52 AM / 5 years ago

TIMELINE-Changes to India's repo rate since June 2000

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 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 reverse repo rate    
    -- Timeline for CRR changes          
    -- Timeline for SLR changes          
  
    Following is a timeline of changes to the repo rate since 
June 2000. 
    
* RATE (percent)    EFFECTIVE DATE (day-month-year) 
  7.75                29-01-2013
  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 Oct. 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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