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cash reserve ratio (Reuters) - The Reserve Bank of India left interest rates on hold on Tuesday but cut the cash reserve ratio for banks by 50 basis points in a move aimed at easing tight liquidity in the banking system. (Read main story about RBI's CRR cut, click here) The RBI's policy lending rate, the repo rate, was left at 8.5 percent,( 8%-17/04/12) in line with expectations, while the reverse repo rate remained at 7.5 percent.(7 %17/04/12) The central bank cut the CRR, the amount banks must maintain with the central bank in cash, to 5.5 percent from 6 percent. It left the statutory liquidity ratio, the proportion of deposits that banks need to invest in government debt and other approved securities, unchanged at 24 percent. Following is a timeline of changes to the CRR since 1992. RATE (percent) EFFECTIVE DATE (day-month-year) 5.50 24 - 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 (Compiled by Mumbai Treasury Desk) India Components of the money supply of India 1970 2007 The Reserve Bank of India defines the monetary aggregates as[31]: Reserve Money (M0): Currency in circulation + Bankers deposits with the RBI + Other deposits with the RBI = Net RBI credit to the Government + RBI credit to the commercial sector + RBI s claims on banks + RBI s net foreign assets + Government s currency liabilities to the public RBI s net non-monetary liabilities. M1: Currency with the public + Deposit money of the public (Demand deposits with the banking system + Other deposits with the RBI). M2: M1 + Savings deposits with Post office savings banks. M3: M1+ Time deposits with the banking system = Net bank credit to the Government + Bank credit to the commercial sector + Net foreign exchange assets of the banking sector + Government s currency liabilities to the public Net non-monetary liabilities of the banking sector (Other than Time Deposits). M4: M3 + All deposits with post office savings banks (excluding National Savings Certificates). Indian Economic Indicators By: EconomyWatch Content Date: 29 March 2010 About The Author Follow The Money EconomyWatch, Content Team Growing domestic demand and increased production have changed the Indian economy. GDP has picked up, trade has become global and the services sector has led change by throwing its gates open to outsourcing. India s educated and English speaking population became the biggest impetus that the economy needed. Indian economic indicators are pointing towards the country s transition to a developed economy. Trade has risen by more than 375% since the adoption of the liberalization policies. Indian Economic Indicators India s gross domestic product (purchasing power parity) was $3.561 trillion in 2009. It was up from $3.344 trillions in 2008 and $3.113 trillion in 2007. India ranked fifth in the world in terms of its purchasing power. Indian Economy By: EconomyWatch Content Date: 29 March 2010 About The Author Follow The Money EconomyWatch, Content Team India is a South Asian country that is the seventh largest in area and has the second largest population in the world. India covers an area of 3,287,240 square km (India geography) and its population stands at 1.215 billion people in 2010 (India population) . India has great plains, long coastlines and majestic mountains. Thus, the land has abundant resources. India shares its borders with China, Bangladesh, Pakistan, Nepal, Sri Lanka and Myanmar. Understanding the Indian Economy Large, dynamic and steadily expanding, the Indian economy is characterized by a huge workforce operating in many new sectors of opportunity.

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