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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

DateReverse RepoRepo SLRCRR
December 1878 234.25(unchanged)
October 30, 201278 234.25 (-25)
September 22, 201278 234.50 (-25)
August 11, 201278 234.75
April 17, 20127 (-50)8 (-50) 244.75
March 10, 20127.508.50 244.75 (-75)
January 28, 20127.508.50 245.50 (-50)
October 25, 20117.50 (25)8.50 (25) 24     6
September 16, 20117.25 (25)8.25 (25) 24     6
July 26, 20117.00 (50)8.00 (50) 24     6
June 16, 20116.50 (25)7.50 (25) 24     6
May 03, 20116.25 (50)7.25 (50) 24     6
March 17, 20115.75 (25)6.75 (25) 24     6
January 25, 201125  (5.50)25  (6.50) 24     6

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

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