REUTERS - The RBI left interest rates unchanged on Tuesday as it supports a battered rupee but said it will roll back recent liquidity tightening measures when stability returns to the currency market, enabling it to resume supporting growth.
As expected, the Reserve Bank of India left its policy repo rate at 7.25 percent but took a dovish tone as it cut its growth forecast for Asia's third-largest economy to 5.5 percent for the fiscal year, from 5.7 percent.
It held the cash reserve ratio at 4.00 percent.
The RBI said recent liquidity tightening steps "will be rolled back in a calibrated manner as stability is restored to the foreign exchange market, enabling monetary policy to revert to supporting growth with continuing vigil on inflation."
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
(Compiled by Neha Dasgupta)
