MUMBAI (Reuters) - India surprisingly raised interest rates on Tuesday to dampen inflation, saying it was now better prepared to deal with the risk of major capital outflows roiling emerging economies.
The Reserve Bank of India (RBI), however, said that if retail inflation eases as projected, it does not foresee further near-term monetary policy tightening.
Here is a timeline of changes to the reverse repo rate since February 2001.
* RATE (percent) EFFECTIVE DATE (day-month-year)
7.00 28-01-2014
6.75 29-10-2013
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. For further details, please see central bank's website: (www.rbi.org.in)
(Compiled by Neha Dasgupta; Editing by Anand Basu)
