{
 "name": "RBI Cash Reserve Ratio (CRR) History",
 "unit": "percent",
 "current_crr_pct": 3.0,
 "count": 10,
 "dashboard": "https://bankpulse.ai/dashboards/crr/",
 "source": "RBI press releases & Monetary Policy statements, rbi.org.in",
 "reviewed_by": "Vikram Jain",
 "license": "https://creativecommons.org/licenses/by/4.0/",
 "updated": "2026-06-19T04:02:08+05:30",
 "series": [
  {
   "effective_date": "28 Mar 2020",
   "crr_pct": 3.0,
   "note": "COVID-era emergency cut (-100 bps) to inject system liquidity"
  },
  {
   "effective_date": "27 Mar 2021",
   "crr_pct": 3.5,
   "note": "Phased restoration begins"
  },
  {
   "effective_date": "22 May 2021",
   "crr_pct": 4.0,
   "note": "Restoration to pre-COVID level complete"
  },
  {
   "effective_date": "21 May 2022",
   "crr_pct": 4.5,
   "note": "Liquidity tightening in the inflation-fighting cycle (+50 bps)"
  },
  {
   "effective_date": "14 Dec 2024",
   "crr_pct": 4.25,
   "note": "Phased easing begins (-25 bps, tranche 1)"
  },
  {
   "effective_date": "28 Dec 2024",
   "crr_pct": 4.0,
   "note": "Tranche 2 (-25 bps)"
  },
  {
   "effective_date": "6 Sep 2025",
   "crr_pct": 3.75,
   "note": "100 bps phased cut (announced Jun 2025 MPC) - tranche 1"
  },
  {
   "effective_date": "4 Oct 2025",
   "crr_pct": 3.5,
   "note": "Tranche 2"
  },
  {
   "effective_date": "1 Nov 2025",
   "crr_pct": 3.25,
   "note": "Tranche 3"
  },
  {
   "effective_date": "29 Nov 2025",
   "crr_pct": 3.0,
   "note": "Tranche 4 - current level"
  }
 ]
}