Timeline
MPCDEC 06, 2024

Policy Repo Rate Held

Hold; 4-2 majority; CRR cut 50bps announced

NIFTY 50-0.36%vs T-60 baseline
USD / INR-0.05%vs T-60 baseline
INDIA VIX-2.89%vs T-60 baseline
10Y G-SEC-0.85%vs T-60 baseline
Cross-Asset Reaction Window
Surprise Analysis
Surprise DeviationHistorical volatility metric
-0.0σ

Actual PolicyRepo Hold
ConsensusHold expected

Macroeconomic Assessment

Cautious, data-dependent approach maintained.

Cross-Asset Reaction Matrix
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY--0.12%-0.12%-0.36%
USD / INRUSDINR--0.03%-0.03%-0.05%
India VIXVIX--2.68%-2.68%-2.89%
10Y G-SecGSEC--0.81%-0.81%-0.85%