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Timeline
MPCAUG 10, 2023

Policy Repo Rate Held

Hold; monsoon inflation concerns

NIFTY 50-1.04%vs T-60 baseline
USD / INR-0.05%vs T-60 baseline
INDIA VIX+3.41%vs T-60 baseline
Gilt Fund (10Y proxy)-0.28%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--0.46%-0.46%-1.04%
USD / INRUSDINR · 1d-+0.03%+0.03%-0.05%
India VIXVIX · 1d-+2.33%+2.33%+3.41%
Gilt Fund (10Y proxy)GSEC · 1d--0.23%-0.23%-0.28%