MUMBAI (Reuters) – The Reserve Bank of India (RBI) cut its key repo rate on Wednesday for a second consecutive time and changed its monetary policy stance to “accommodative” from “neutral” to boost the sluggish economy, but kept the cash reserve ratio (CRR), which banks are required to hold, unchanged.
The monetary policy committee unanimously cut the key lending rate, or repo rate, to 6.00%, while also slashing the standing deposit facility rate to 5.75%.
The RBI also adjusted the marginal standing facility to 6.25%.
For a timeline of changes to the standing deposit facility rate, click here.
For a timeline of changes to India’s repo rate, click here.
Here is a timeline of changes to the CRR since 1992.
RATE (percent) EFFECTIVE DATE (day-month-year)
4.00 09-04-2025
4.00 07-02-2025
4.00 28-12-2024
4.25 14-12-2024
4.50 27-05-2022
4.00 28-05-2021
3.50 21-03-2021
3.00 27-03-2020
4.00 09-02-2013
4.25 03-11-2012
4.50 22-09-2012
4.75 10-03-2012
5.50 28-01-2012
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
(Reporting by Siddhi Nayak; Editing by Mrigank Dhaniwala)
