Timeline: Changes to India's cash reserve ratio | business | Hindustan Times
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Timeline: Changes to India's cash reserve ratio

The Reserve Bank of India today raised its repo rate for the tenth time since March 2010 and said it will persist with its battle against inflation, even as growth slows in Asia's third-largest economy.

business Updated: Jun 16, 2011 14:14 IST

The Reserve Bank of India on Thursday raised its repo rate for the tenth time since March 2010 and said it will persist with its battle against inflation, even as growth slows in Asia's third-largest economy.

The repo rate was raised by 25 basis points to 7.50%, following which the reverse repo rate is now 6.50%.

The cash reserve ratio (CRR) , the proportion of deposits banks must keep with the central bank in cash, was left unchanged at 6%.

The statutory liquidity ratio (SLR), or the proportion of deposits that banks need to invest in government debt and other approved securities, stands at 24%.

Following is a timeline of changes to the CRR since 1992.
Rate (%) Effective date (day-month-year)
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