Timeline: Changes to CRR since 2008

The Reserve Bank of India left the cash reserve ratio (CRR) for banks unchanged on Thursday after cutting it by 75 basis points in a surprise move on March 9.

The RBI also left its key lending rate, the repo rate, unchanged at 8.5%. Consequently, the reverse repo rate too remains at 7.5%.

The central bank cut the CRR, the amount banks must maintain with the central bank in cash, to 4.75% from 5.50% last week.

The statutory liquidity ratio, the proportion of deposits that banks need to invest in government debt and other approved securities, was kept unchanged at 24%.

Following is a timeline of changes to the CRR since 2008. 

Rate  (%)	Effective Date (DD-MM-YY)	Rate  (%)	Effective Date (DD-MM-YY)
8.5	25-10-2011	5	19-03-2010
8.25	16-09-2011	4.75	21-04-2009
8	26-07-2011	5	04-03-2009
7.5	16-06-2011	5.50	02-01-2009
7.25	03-05-2011	6.50	08-12-2008
6.75	17-03-2011	7.50	03-11-2008
6.5	25-01-2011	8	20-10-2008
6.25	02-11-2010	9	29-07-2008
6	16-09-2010	8.5	24-06-2008
5.75	27-07-2010	8	11-06-2008
5.5	02-07-2010	-	-