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Timeline
MPCJUN 06, 2025

Rate Cut (-50 bps)

Jumbo 50bps cut; stance changed to neutral

NIFTY 50+1.42%vs T-60 baseline
USD / INR-0.14%vs T-60 baseline
INDIA VIX-2.59%vs T-60 baseline
Gilt Fund (10Y proxy)+0.19%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 Policycut-50
ConsensusAdjust expected

Macroeconomic Assessment

Dovish shift to stimulate economic activity.

Source: RBI Press Release
Cross-Asset Reaction MatrixExport CSV
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY · 1d-+1.02%+1.02%+1.42%
USD / INRUSDINR · 1d--0.03%-0.03%-0.14%
India VIXVIX · 1d--2.98%-2.98%-2.59%
Gilt Fund (10Y proxy)GSEC · 1d-0.00%0.00%+0.19%