Timeline: Changes to reverse repo rate since 2001

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Reuters
Last Updated : Jun 17 2013 | 12:45 PM IST

REUTERS - The Reserve Bank of India kept interest rates unchanged on Monday after cutting them in each of its previous three policy reviews, warning of upward risks to inflation posed by a falling rupee and increases in food prices.

The RBI left its policy repo rate unchanged at 7.25 percent and kept the cash reserve ratio (CRR), or the share of deposits banks must keep with the central bank, steady at 4 percent, despite falling inflation in recent months.

The RBI also called for vigilance over global economic uncertainty, citing the risks of a reversal of capital flows from emerging markets. Such outflows would exacerbate the country's high current account deficit.

Following is a timeline of changes to the reverse repo rate since February 2001.

* RATE (percent) EFFECTIVE DATE (day-month-year)

6.25 03-05-2013

6.50 19-03-2013

6.75 29-01-2013

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 October 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.

(Compiled by Shamik Paul; Editing by Prateek Chatterjee)

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First Published: Jun 17 2013 | 12:36 PM IST

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