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Timeline
MPCDEC 06, 2024

Policy Repo Rate Held

Hold; 4-2 majority; CRR cut 50bps announced

NIFTY 50-0.36%vs T-60 baseline
USD / INR-0.05%vs T-60 baseline
INDIA VIX-2.89%vs T-60 baseline
Gilt Fund (10Y proxy)-0.85%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%-0.36%
USD / INRUSDINR · 1d--0.03%-0.03%-0.05%
India VIXVIX · 1d--2.68%-2.68%-2.89%
Gilt Fund (10Y proxy)GSEC · 1d--0.81%-0.81%-0.85%