January 29, 2013 / 6:47 AM / 5 years ago

TIMELINE-Changes to India's reverse repo rate since 2001

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 repo rate changes  
    -- Timeline for CRR changes        
    -- Timeline for SLR changes        
      
    Following is a timeline of changes to the reverse repo rate 
since February 2001. 
     
    * RATE (percent)    EFFECTIVE DATE (day-month-year)
      6.75                      29-01-2013  
      7.00                      17-04-2012 
      7.50                      25-11-2011 
      7.25                      16-09-2011 
      7.00                      26-07-2011 
      6.50                      16-06-2011 
      6.25                      03-05-2011 
      5.75                      17-03-2011 
      5.50                      25-01-2011 
      5.25                      02-11-2010 
      5.00                      16-09-2010 
      4.50                      27-07-2010 
      4.00                      02-07-2010 
      3.75                      20-04-2010 
      3.50                      19-03-2010 
      3.25                      21-04-2009 
      3.50                      04-03-2009 
      4.00                      02-01-2009 
      5.00                      08-12-2008 
      6.00                      25-07-2006 
      5.75                      08-06-2006 
      5.50                      24-01-2006 
      5.25                      26-10-2005 
      5.00                      29-04-2005 
      4.75                      27-10-2004 
      4.50                      25-08-2003 
      5.00                      03-03-2003 
      5.50                      30-10-2002 
      5.75                      27-06-2002 
      6.00                      05-03-2002 
      6.50                      28-05-2001 
      6.75                      27-04-2001 
      7.00                      02-03-2001 
      7.50                      20-02-2001 
 * Note: Prior to Oct. 29, 2004, the reverse repo rate was known
as the repo rate. For further details, please see central bank's
website: www.rbi.org.in. 

 (Compiled by Shamik Paul)

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