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 | - | - |
