Changes to India’s cash reserve ratio since 1992

MUMBAI: The Reserve Bank of India kept its key repo rate unchanged on Wednesday, in line with expectations, while maintaining the cash reserve ratio at 3%. The RBI’s six-member monetary policy committee (MPC) voted to hold the repo rate steady at 5.25%, while also maintaining the standing deposit facility rate at 5%. In June last year, the central bank had announced a 100-basis-point cut to the CRR. The change was implemented in four equal tranches, from September to November. For a timeline of changes to the standing deposit facility rate, click here.

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