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

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

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 a spree of 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 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)
  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 Mumbai Treasury Desk)

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