TIMELINE-Changes to India's Repo Rate Since June 2000
Published: 18th December 2013 12:40 PM
Last Updated: 18th December 2013 03:13 PM
The Reserve Bank of India (RBI) unexpectedly kept the country's policy interest rate on hold on Wednesday, despite calling current inflation too high, citing the prospect of easing retail prices and its concerns about the weak domestic economy.
The RBI had been widely expected to raise the repo rate, after lifting the country's main lending rate by 25 basis points each at its previous reviews in September and October. It instead opted to keep the country's main lending rate at 7.75 percent.
Note: Prior to Oct. 29, 2004, the repo rate was known as the reverse repo rate.