Timeline
MPCDEC 07, 2022

Rate Hike (+35 bps)

Fifth hike; pace moderation

NIFTY 50-0.18%vs T-60 baseline
USD / INR+0.43%vs T-60 baseline
INDIA VIX-4.56%vs T-60 baseline
10Y G-SEC-1.66%vs T-60 baseline
Cross-Asset Reaction Window
Surprise Analysis
Surprise DeviationHistorical volatility metric
-0.0σ

Actual Policyhike+35
ConsensusAdjust expected

Macroeconomic Assessment

Hawkish stance to anchor inflation expectations.

Cross-Asset Reaction Matrix
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY--0.44%-0.44%-0.18%
USD / INRUSDINR-+0.58%+0.58%+0.43%
India VIXVIX-+0.28%+0.28%-4.56%
10Y G-SecGSEC--0.88%-0.88%-1.66%