Timeline
MPCSEP 30, 2022

Rate Hike (+50 bps)

Fourth hike in tightening cycle

NIFTY 50+0.41%vs T-60 baseline
USD / INR+0.11%vs T-60 baseline
INDIA VIX+0.33%vs T-60 baseline
10Y G-SEC-2.11%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-+1.64%+1.64%+0.41%
USD / INRUSDINR-+0.06%+0.06%+0.11%
India VIXVIX--6.24%-6.24%+0.33%
10Y G-SecGSEC--1.18%-1.18%-2.11%