Timeline: Changes to India's reverse repo rate since 2001

REUTERS - Reserve Bank of India Governor Raghuram Rajan surprised markets in his maiden policy review on Friday by raising interest rates to ward off rising inflation, while scaling back some emergency measures recently taken to support the ailing rupee.

Rajan, who took office early this month amid India's worst economic crisis since 1991, increased the RBI's policy repo rate by 25 basis points (bps) to 7.50 percent, defying most forecasts that he would leave it on hold to bolster a sluggish economy.

The RBI reduced the marginal standing facility (MSF) rate to 9.50 percent, which makes it cheaper for banks to borrow. Since mid-July, the MSF has been widely been viewed as India's effective policy rate.

Here is a timeline of changes to the reverse repo rate since February 2001.

* RATE (percent) EFFECTIVE DATE (day-month-year)

6.50 20-09-2013

6.25 03-05-2013

6.50 19-03-2013

6.75 29-01-2013

7.00 17-04-2012

7.50 25-11-2011

7.25 16-09-2011

7.00 26-07-2011

6.50 16-06-2011

6.25 03-05-2011

5.75 17-03-2011

5.50 25-01-2011

5.25 02-11-2010

5.00 16-09-2010

4.50 27-07-2010

4.00 02-07-2010

3.75 20-04-2010

3.50 19-03-2010

3.25 21-04-2009

3.50 04-03-2009

4.00 02-01-2009

5.00 08-12-2008

6.00 25-07-2006

5.75 08-06-2006

5.50 24-01-2006

5.25 26-10-2005

5.00 29-04-2005

4.75 27-10-2004

4.50 25-08-2003

5.00 03-03-2003

5.50 30-10-2002

5.75 27-06-2002

6.00 05-03-2002

6.50 28-05-2001

6.75 27-04-2001

7.00 02-03-2001

7.50 20-02-2001

* Note: Prior to October 29, 2004, the reverse repo rate was known as the repo rate. For further details, please see central bank's website: (www.rbi.org.in)

(Compiled by Neha Dasgupta; Editing by Clarence Fernandez)

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