Changes to India's reverse repo rate since 2001

India's central bank 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.

India's central bank 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.

HT Image

The Reserve Bank of India kept its policy repo rate unchanged at 8% and, subsequently, the reverse repo rate was also left unchanged at 7.00%.

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%.

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%.

– 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% – Effective Date (day-month-year)
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