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Timeline
MPCJUN 04, 2021

Policy Repo Rate Held

Second bi-monthly 2021-22

NIFTY 50+0.39%vs T-60 baseline
USD / INR-0.08%vs T-60 baseline
INDIA VIX-1.14%vs T-60 baseline
Gilt Fund (10Y proxy)+20.00%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--0.13%-0.13%+0.39%
USD / INRUSDINR · 1d-+0.11%+0.11%-0.08%
India VIXVIX · 1d-+1.21%+1.21%-1.14%
Gilt Fund (10Y proxy)GSEC · 1d-0.00%0.00%+20.00%