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 central bank 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 4.00 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 on changes in the statutory liquidity ratio (SLR) since 1949.
RATE (PCT) EFFECTIVE DATE
23.00 11-08-2012
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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
35.50 28-07-1984
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
(Compiled by Shamik Paul; Editing by Jijo Jacob)