Reserve Bank of India: Changes to cash reserve ratio since 1992

The RBI cut its benchmark interest rate by 25 basis points on Friday for the third time since January, as expected, as growth slows and inflation ebbs, but said there is little room to ease monetary policy further, disappointing markets.

The Reserve Bank of India trimmed the repo rate to 7.25 percent, its lowest since May 2011, and kept the cash reserve ratio (CRR) for banks unchanged at 4 percent, also in line with expectations.

Read the main story, click http://in.reuters.com/article/2013/05/03/india-economy-rbi-interest-rate-idINDEE9410GP20130503

Read expert views, click http://in.reuters.com/article/2013/05/03/expert-views-rbi-repo-rate-25-bps-crr-idINDEE94203020130503

Following is a timeline of changes to the CRR since 1992.

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

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

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