Timeline
MPCJUN 08, 2022

Rate Hike (+50 bps)

Second hike in tightening cycle

NIFTY 50+0.38%vs T-60 baseline
USD / INR-0.12%vs T-60 baseline
INDIA VIX-6.31%vs T-60 baseline
10Y G-SEC+1.06%vs T-60 baseline
Cross-Asset Reaction Window
Surprise Analysis
Surprise DeviationHistorical volatility metric
-0.0σ

Actual Policyhike+50
ConsensusAdjust expected

Macroeconomic Assessment

Hawkish stance to anchor inflation expectations.

Cross-Asset Reaction Matrix
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY--0.37%-0.37%+0.38%
USD / INRUSDINR--0.19%-0.19%-0.12%
India VIXVIX--2.89%-2.89%-6.31%
10Y G-SecGSEC-+0.65%+0.65%+1.06%