REUTERS - The Reserve Bank of India (RBI) unexpectedly kept the country's policy interest rate on hold on Wednesday, despite calling current inflation too high, citing the prospect of easing retail prices and its concerns about the weak domestic economy.
The RBI had been widely expected to raise the repo rate, after lifting the country's main lending rate by 25 basis points each at its previous reviews in September and October. It instead opted to keep the country's main lending rate at 7.75 percent.
Following is a timeline of changes to the repo rate since June 2000.
RATE (percent) EFFECTIVE DATE (day-month-year)
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 Sunil Nair)
