RBI officials will meet on Oct 30 once again to decide on monetary easing by way of repo and CRR rate cuts. A quick look at what the RBI has already done this year.
Jan 24, 2012
RBI cuts the cash reserve ratio (CRR) by 50 basis points and leaves interest rates (repo rates) untouched to ease the liquidity pressure in the banking system.
March 10, 2012
In a surprising move just before the credit policy, the Reserve Bank of India (RBI) had cut the cash reserve ratio requirement for banks by 75 bps.
March 15, 2012
The Reserve Bank of India (RBI) held repo rates steady, as was largely expected, guided by elevated inflation numbers.
April 17, 2012
In a move aimed at spurring economic growth, the Reserve Bank of India cut repo rates by 50 basis points, surprising markets which were expecting just a 25 basis points cut.
June 18, 2012
In what came as a shock to markets and industry, the Reserve Bank of India left the repo rates and cash reserve ratio unchanged.
July 31, 2012
Not surprising this time around, the Reserve Bank of India (RBI) kept the repo rate and CRR unchanged, signalling its intent to battle inflation. The central bank cut the SLR and maintained a hawkish tone.
September 20, 2012
The Reserve Bank of India (RBI) kept repo rates steady, belying expectations of a rate cut, following a call to reduce interest rates after the government initiated measures for fiscal consolidation.