REUTERS - The Reserve Bank of India (RBI) raised interest rates for the second time in as many months on Tuesday, warning that inflation is likely to remain elevated despite sluggish growth, and rolled back an emergency measure put in place in July to support the rupee.
The central bank lifted its policy repo rate by 25 basis points (bps) to 7.75 percent, in line with expectations in a Reuters poll.
While Raghuram Rajan refrained from giving more explicit guidance, some RBI watchers say he may not yet be finished tightening. In last week's Reuters poll, the median expectation was for monetary policy to remain on hold at upcoming reviews.
-- Timeline for reverse repo rate
-- Timeline for CRR changes
-- Timeline for SLR changes
Following is a timeline of changes to the repo rate since June 2000.
* RATE (percent) EFFECTIVE DATE (day-month-year)
7.75 29-10-2013
7.50 20-09-2013
7.25 03-05-2013
7.50 19-03-2013
7.75 29-01-2013
8.00 17-04-2012
8.50 25-10-2011
8.25 16-09-2011
8.00 26-07-2011
7.50 16-06-2011
7.25 03-05-2011
6.75 17-03-2011
6.50 25-01-2011
6.25 02-11-2010
6.00 16-09-2010
5.75 27-07-2010
5.50 02-07-2010
5.25 20-04-2010
5.00 19-03-2010
4.75 21-04-2009
5.00 04-03-2009
5.50 02-01-2009
6.50 08-12-2008
7.50 03-11-2008
8.00 20-10-2008
9.00 29-07-2008
8.50 24-06-2008
8.00 11-06-2008
7.75 30-03-2007
7.50 31-01-2007
7.25 30-10-2006
7.00 25-07-2006
6.75 08-06-2006
6.50 24-01-2006
6.25 26-10-2005
6.00 31-03-2004
7.00 19-03-2003
7.10 07-03-2003
7.50 12-11-2002
8.00 28-03-2002
8.50 07-06-2001
8.75 30-04-2001
9.00 09-03-2001
10.00 06-11-2000
10.25 13-10-2000
13.50 06-09-2000
15.00 30-08-2000
16.00 09-08-2000
10.00 21-07-2000
9.00 13-07-2000
12.25 28-06-2000
12.60 27-06-2000
13.05 23-06-2000
13.00 22-06-2000
13.50 21-06-2000
14.00 20-06-2000
13.50 19-06-2000
10.85 14-06-2000
9.55 13-06-2000
9.25 12-06-2000
9.05 09-06-2000
9.00 07-06-2000
9.05 05-06-2000
* Note: Prior to October 29, 2004, the repo rate was known as the reverse repo rate. For further details, please see central bank's website: (www.rbi.org.in)
(Compiled by Neha Dasgupta; Editing by Prateek Chatterjee)
