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RBI leaves key rate unchanged, shifts focus to growth

 

The Reserve Bank of India on Tuesday left the key policy rate unchanged in its mid quarter (December 2012) monetary policy. With this status quo in the policy action, repo rate stood at 8% while reverse repo was at 7%. Cash reserve ratio (CRR) also remained at 4.25%.

RBI’s policy rate changes at a glance

 

Date Reverse Repo Repo  SLR CRR
December 18 7 8  23 4.25(unchanged)
October 30, 2012 7 8  23 4.25 (-25)
September 22, 2012 7 8  23 4.50 (-25)
August 11, 2012 7 8  23 4.75
April 17, 2012 7 (-50) 8 (-50)  24 4.75
March 10, 2012 7.50 8.50  24 4.75 (-75)
January 28, 2012 7.50 8.50  24 5.50 (-50)
October 25, 2011 7.50 (25) 8.50 (25)  24      6
September 16, 2011 7.25 (25) 8.25 (25)  24      6
July 26, 2011 7.00 (50) 8.00 (50)  24      6
June 16, 2011 6.50 (25) 7.50 (25)  24      6
May 03, 2011 6.25 (50) 7.25 (50)  24      6
March 17, 2011 5.75 (25) 6.75 (25)  24      6
January 25, 2011 25  (5.50) 25  (6.50)  24      6

 

 

 

 

 

 

 

 

 

 

 

*The bracketed figures show repo, reverse repo and CRR in percentage term.

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