Timeline
MPCAPR 09, 2025

Rate Cut (-25 bps)

Unanimous cut; stance shifted to accommodative

NIFTY 50+1.30%vs T-60 baseline
USD / INR+0.21%vs T-60 baseline
INDIA VIX-1.61%vs T-60 baseline
10Y G-SEC+0.45%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--0.61%-0.61%+1.30%
USD / INRUSDINR-+0.47%+0.47%+0.21%
India VIXVIX-+4.84%+4.84%-1.61%
10Y G-SecGSEC-+1.20%+1.20%+0.45%