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Timeline
MPCDEC 08, 2023

Policy Repo Rate Held

Hold; inflation within tolerance

NIFTY 50+0.46%vs T-60 baseline
USD / INR+0.17%vs T-60 baseline
INDIA VIX+0.71%vs T-60 baseline
Gilt Fund (10Y proxy)0.00%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-+0.33%+0.33%+0.46%
USD / INRUSDINR · 1d-+0.08%+0.08%+0.17%
India VIXVIX · 1d--1.58%-1.58%+0.71%
Gilt Fund (10Y proxy)GSEC · 1d-0.00%0.00%0.00%