September 17, 2012 / 6:43 AM / 5 years ago

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

Sept 17 (Reuters) - India's central bank left interest rates
unchanged but cut the cash reserve ratio for banks, saying the
primary focus of monetary policy remains fighting inflation,
days after the government unveiled reforms to boost growth and
improve its fiscal position.
    The Reserve Bank of India held the policy repo rate
 at 8 percent, and subsequently, the reverse repo
rate was left unchanged at 7.00 percent.
    The RBI cut the cash reserve ratio, the share of
deposits banks must keep with the central bank, by 25 basis
points to 4.5 percent.
    It also 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)
    4.50                     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 Mumbai Treasury Desk)

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