Timeline
MPCAUG 05, 2022

Rate Hike (+50 bps)

Third hike in tightening cycle

NIFTY 50+0.82%vs T-60 baseline
USD / INR+0.37%vs T-60 baseline
INDIA VIX+0.21%vs T-60 baseline
10Y G-SEC+3.45%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-+0.09%+0.09%+0.82%
USD / INRUSDINR-+0.05%+0.05%+0.37%
India VIXVIX--1.77%-1.77%+0.21%
10Y G-SecGSEC-+1.35%+1.35%+3.45%