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IIPOCT 12, 2023

Industrial Production Growth at 5.80%

IIP for Aug 2023

0.2σ
NIFTY 50-0.30%vs T-60 baseline
USD / INR+0.01%vs T-60 baseline
INDIA VIX-3.37%vs T-60 baseline
Gilt Fund (10Y proxy)-0.13%vs T-60 baseline
Cross-Asset Reaction Window

The 10-year sovereign is shown as a gilt-fund proxy, whose value moves inversely to yields. Older events use daily closes, so the intraday windows then coincide with the daily close.

Surprise Analysis
Surprise Deviationvs consensus, σ-scaled
0.0σ

Actual Print5.80%
Consensus5.03%

Macroeconomic Assessment

Industrial output matched consensus.

Source: MOSPI — IIP
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d--0.09%-0.09%-0.30%
USD / INRUSDINR · 1d--0.04%-0.04%+0.01%
India VIXVIX · 1d--3.37%-3.37%-3.37%
Gilt Fund (10Y proxy)GSEC · 1d-0.00%0.00%-0.13%