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Jun 18, 2012, 05.36 PM IST
RBI-CREDIT-POLICY-TIMELINE-REPO:TIMELINE - Changes to repo rate since June 2000
REUTERS - The RBI left interest rates and required bank reserves unchanged on Monday, defying widespread expectations for a rate cut and warning that relaxing policy could worsen inflation. The Reserve Bank of India kept its policy repo rate unchanged at 8 percent and, subsequently, the reverse repo rate was also left unchanged at 7.00 percent. The central bank kept the cash reserve ratio, the proportion of deposits banks must maintain with the central bank in cash, unchanged at 4.75 percent. It left the statutory liquidity ratio, the proportion of deposits that banks need to invest in government debt and other approved securities, unchanged at 24 percent. 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 October 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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