You are here:HomeEconomy

The history of changes to reverse repo rate, CRR, SLR

The history of changes to reverse repo rate, CRR, SLR

close

Reserve Bank of India Governor Raghuram Rajan surprised markets in his maiden policy review on Friday by raising interest rates to ward off rising inflation, while scaling back some emergency measures recently taken to support the ailing rupee.

Mr Rajan, who took office early this month amid India's worst economic crisis since 1991, increased the repo rate by 25 basis points (bps), or 0.25 per cent, to 7.50 per cent, defying most forecasts that he would leave it on hold to bolster a sluggish economy.

The apex bank reduced the marginal standing facility (MSF) rate to 9.50 per cent, which makes it cheaper for banks to borrow. Since the middle of July, the MSF has been widely been viewed as India's effective policy rate.

Here is a timeline of changes to the key rates in India since as early as 1949:

Reverse repo rate since February 2001

Rate Effective date
6.50 20-09-2013
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.

Cash reserve ratio since 1992

Rate Effective date
4.00 09-02-2013
4.25 03-11-2012
4.50 22-09-2012
4.75 10-03-2012
5.50  28-01-2012
6.00 24-04-2010
5.75 27-02-2010
5.50 13-02-2010
5.00 17-01-2009

5.50

08-11-2008

6.00

01-11-2008
6.50 15-10-2008
7.50 11-10-2008
9.00 30-08-2008
8.75 19-07-2008
8.50 05-07-2008
8.25 24-05-2008
8.00 10-05-2008
7.75 26-04-2008
7.50 10-11-2007
7.00 04-08-2007
6.50 28-04-2007
6.25 14-04-2007
6.00 03-03-2007

5.75

17-02-2007
5.50 08-12-2006
5.00 02-10-2004
4.75 18-09-2004
4.50 14-06-2003
4.75 16-11-2002
5.00 01-06-2002
5.50 29-12-2001
5.75 03-11-2001
7.50 19-05-2001
8.00 10-03-2001
8.25 24-02-2001
8.50 12-08-2000
8.25 29-07-2000
8.00 22-04-2000

8.50

08-04-2000
9.00 20-11-1999
9.50 06-11-1999
10.00 08-05-1999

10.50

13-03-1999
11.00 29-08-1998
10.00 11-04-1998
10.25 28-03-1998
10.50 17-01-1998
10.00 06-12-1997
9.50 22-11-1997
9.75 25-10-1997
10.00 18-01-1997
10.50 04-01-1997
11.00 09-11-1996
11.50 26-10-1996

12.00

06-07-1996
13.00 11-05-1996
13.50 27-04-1996
14.00 09-12-1995
14.50 11-11-1995
15.00 06-08-1994
14.75 09-07-1994
14.50 11-06-1994
14.00 15-05-1993
14.50 17-04-1993
15.00 08-10-1992

Statutory liquidity ratio (SLR) since 1949

Rate Effective date
23.00 11-08-2012
24.00 18-12-2010
25.00 07-11-2009
24.00 08-11-2008
25.00 25-10-1997
31.50 29-10-1994
33.75 17-09-1994
34.25 20-08-1994
34.75 16-10-1993
37.25 18-09-1993
37.50 21-08-1993
37.75 06-03-1993
38.00 06-02-1993
38.25 09-01-1993
38.50 29-02-1992
38.50 22-09-1990
38.00 02-01-1988
37.50 25-04-1987
37.00 06-07-1985
36.50 08-06-1985
36.00 01-09-1984
35.00 30-10-1981
34.50 25-09-1981
34.00 01-12-1978
33.00 01-07-1974
32.00 08-12-1973
30.00 17-11-1972
29.00 04-08-1972
28.00 28-08-1970
27.00 24-04-1970
26.00 05-02-1970
25.00 16-09-1964
20.00 16-03-1949

Copyright @ Thomson Reuters 2013

Story first published on: September 22, 2013 11:28 (IST)

Tags: Reserve Bank of India, RBI, Raghuram Rajan, Duvvuri Subbarao, Repo rate, Statutory liquidity ratio, Cash reserve ratio, SLR, CRR


For Profit Update,
Follow NDTV on Pinterest

Social Sharing

Advertisement

Advertisement

Portfolio
 

Advertisement

Market Data provided by © Accord Fintech.
© Copyright NDTV Convergence Limited 2014. All rights reserved.