Timeline
MPCFEB 07, 2025

Rate Cut (-25 bps)

First cut since 2020; softening inflation

NIFTY 50-0.94%vs T-60 baseline
USD / INR+0.20%vs T-60 baseline
INDIA VIX+1.90%vs T-60 baseline
10Y G-SEC+0.36%vs T-60 baseline
Cross-Asset Reaction Window
Surprise Analysis
Surprise DeviationHistorical volatility metric
-0.0σ

Actual Policycut-25
ConsensusAdjust expected

Macroeconomic Assessment

Dovish shift to stimulate economic activity.

Cross-Asset Reaction Matrix
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY--0.18%-0.18%-0.94%
USD / INRUSDINR-+0.29%+0.29%+0.20%
India VIXVIX--3.46%-3.46%+1.90%
10Y G-SecGSEC-+0.36%+0.36%+0.36%