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Timeline
MPCAPR 07, 2021

Policy Repo Rate Held

First bi-monthly 2021-22

NIFTY 50+1.30%vs T-60 baseline
USD / INR+1.53%vs T-60 baseline
INDIA VIX-2.54%vs T-60 baseline
Gilt Fund (10Y proxy)-66.67%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-+0.92%+0.92%+1.30%
USD / INRUSDINR · 1d-+0.29%+0.29%+1.53%
India VIXVIX · 1d--2.83%-2.83%-2.54%
Gilt Fund (10Y proxy)GSEC · 1d--33.33%-33.33%-66.67%