Timeline
MPCJUN 06, 2025

Rate Cut (-50 bps)

Jumbo 50bps cut; stance changed to neutral

NIFTY 50+1.42%vs T-60 baseline
USD / INR-0.14%vs T-60 baseline
INDIA VIX-2.59%vs T-60 baseline
10Y G-SEC+0.19%vs T-60 baseline
Cross-Asset Reaction Window
Surprise Analysis
Surprise DeviationHistorical volatility metric
-0.0σ

Actual Policycut-50
ConsensusAdjust expected

Macroeconomic Assessment

Dovish shift to stimulate economic activity.

Cross-Asset Reaction Matrix
Asset ClassT−60T+30T+2HT+1D
Nifty 50NIFTY-+1.02%+1.02%+1.42%
USD / INRUSDINR--0.03%-0.03%-0.14%
India VIXVIX--2.98%-2.98%-2.59%
10Y G-SecGSEC-0.00%0.00%+0.19%