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Timeline
MPCAUG 05, 2022

Rate Hike (+50 bps)

Third hike in tightening cycle

NIFTY 50+0.82%vs T-60 baseline
USD / INR+0.37%vs T-60 baseline
INDIA VIX+0.21%vs T-60 baseline
Gilt Fund (10Y proxy)+3.45%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 Policyhike+50
ConsensusAdjust expected

Macroeconomic Assessment

Hawkish stance to anchor inflation expectations.

Source: RBI Press Release
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d-+0.09%+0.09%+0.82%
USD / INRUSDINR · 1d-+0.05%+0.05%+0.37%
India VIXVIX · 1d--1.77%-1.77%+0.21%
Gilt Fund (10Y proxy)GSEC · 1d-+1.35%+1.35%+3.45%