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Timeline
MPCOCT 09, 2024

Policy Repo Rate Held

Hold; 5-1 majority; stance changed to neutral

NIFTY 50-0.06%vs T-60 baseline
USD / INR-0.03%vs T-60 baseline
INDIA VIX-7.47%vs T-60 baseline
Gilt Fund (10Y proxy)+0.04%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--0.12%-0.12%-0.06%
USD / INRUSDINR · 1d--0.06%-0.06%-0.03%
India VIXVIX · 1d--3.22%-3.22%-7.47%
Gilt Fund (10Y proxy)GSEC · 1d-+0.15%+0.15%+0.04%