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Timeline
MPCDEC 08, 2021

Policy Repo Rate Held

Fifth bi-monthly 2021-22

NIFTY 50+1.98%vs T-60 baseline
USD / INR-0.01%vs T-60 baseline
INDIA VIX-10.08%vs T-60 baseline
Gilt Fund (10Y proxy)-8.62%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-+1.71%+1.71%+1.98%
USD / INRUSDINR · 1d-+0.02%+0.02%-0.01%
India VIXVIX · 1d--6.45%-6.45%-10.08%
Gilt Fund (10Y proxy)GSEC · 1d-+3.45%+3.45%-8.62%