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Timeline
MPCDEC 05, 2025

Rate Cut (-25 bps)

25bps cut; softer inflation; neutral stance

NIFTY 50-0.28%vs T-60 baseline
USD / INR-0.26%vs T-60 baseline
INDIA VIX+2.87%vs T-60 baseline
Gilt Fund (10Y proxy)+0.17%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-25
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-+0.59%+0.59%-0.28%
USD / INRUSDINR · 1d--0.37%-0.37%-0.26%
India VIXVIX · 1d--4.62%-4.62%+2.87%
Gilt Fund (10Y proxy)GSEC · 1d--0.25%-0.25%+0.17%