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Timeline
MPCFEB 05, 2021

Policy Repo Rate Held

Sixth bi-monthly 2020-21

NIFTY 50+1.48%vs T-60 baseline
USD / INR-0.10%vs T-60 baseline
INDIA VIX+3.63%vs T-60 baseline
Gilt Fund (10Y proxy)-33.33%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-+0.19%+0.19%+1.48%
USD / INRUSDINR · 1d-+0.12%+0.12%-0.10%
India VIXVIX · 1d-+1.30%+1.30%+3.63%
Gilt Fund (10Y proxy)GSEC · 1d--23.33%-23.33%-33.33%