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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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Moneymunch's editors' staff. They have been writing/working on the financial markets for over two decades, having previously worked with popular financial blogs and newspapers.

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