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MPCJUN 05, 2026

Policy Repo Rate Held

Status quo; neutral stance; GDP forecast at 6.6%

NIFTY 50-1.25%vs T-60 baseline
USD / INR-1.26%vs T-60 baseline
INDIA VIX+7.17%vs T-60 baseline
Gilt Fund (10Y proxy)+0.22%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--0.21%-0.21%-1.25%
USD / INRUSDINR · 1d--0.39%-0.39%-1.26%
India VIXVIX · 1d--0.63%-0.63%+7.17%
Gilt Fund (10Y proxy)GSEC · 1d-+0.14%+0.14%+0.22%
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