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Timeline
MPCOCT 06, 2023

Policy Repo Rate Held

Hold; withdrawal of accommodation stance

NIFTY 50-0.17%vs T-60 baseline
USD / INR-0.39%vs T-60 baseline
INDIA VIX+4.20%vs T-60 baseline
Gilt Fund (10Y proxy)+0.43%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-+0.55%+0.55%-0.17%
USD / INRUSDINR · 1d--0.27%-0.27%-0.39%
India VIXVIX · 1d--5.85%-5.85%+4.20%
Gilt Fund (10Y proxy)GSEC · 1d-+0.43%+0.43%+0.43%