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Timeline
MPCDEC 04, 2020

Policy Repo Rate Held

Fifth bi-monthly 2020-21

NIFTY 50+1.69%vs T-60 baseline
USD / INR+0.17%vs T-60 baseline
INDIA VIX-5.16%vs T-60 baseline
Gilt Fund (10Y proxy)-6.67%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 DeviationPolicy decision — no numeric surprise

Actual PolicyRepo Hold
ConsensusHold expected

Macroeconomic Assessment

Cautious, data-dependent approach maintained.

Source: RBI Press Release
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d-+0.95%+0.95%+1.69%
USD / INRUSDINR · 1d-+0.27%+0.27%+0.17%
India VIXVIX · 1d--5.11%-5.11%-5.16%
Gilt Fund (10Y proxy)GSEC · 1d-0.00%0.00%-6.67%