Timeline - Changes to CRR since 1992

CRR lowered by 50 bps, key rates unchanged

The Reserve Bank of India left interest rates on hold on Tuesday but cut the cash reserve ratio for banks by 50 basis points in a move aimed at easing tight liquidity in the banking system.

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The RBI's policy lending rate, the repo rate, was left at 8.5 percent, in line with expectations, while the reverse repo rate remained at 7.5 percent.

The central bank cut the CRR, the amount banks must maintain with the central bank in cash, to 5.5 percent from 6 percent. It left the statutory liquidity ratio, the proportion of deposits that banks need to invest in government debt and other approved securities, unchanged at 24 percent.

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

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

5.50 24 - 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