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MPCAPR 05, 2024

Policy Repo Rate Held

Hold; watching global cues

NIFTY 50+0.67%vs T-60 baseline
USD / INR-0.09%vs T-60 baseline
INDIA VIX+3.48%vs T-60 baseline
Gilt Fund (10Y proxy)+0.38%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--0.00%-0.00%+0.67%
USD / INRUSDINR · 1d-+0.13%+0.13%-0.09%
India VIXVIX · 1d-+1.07%+1.07%+3.48%
Gilt Fund (10Y proxy)GSEC · 1d-+0.23%+0.23%+0.38%