Timeline
MPCDEC 05, 2025

Rate Cut (-25 bps)

25bps cut; softer inflation; neutral stance

NIFTY 50-0.28%vs T-60 baseline
USD / INR-0.26%vs T-60 baseline
INDIA VIX+2.87%vs T-60 baseline
10Y G-SEC+0.17%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-+0.59%+0.59%-0.28%
USD / INRUSDINR--0.37%-0.37%-0.26%
India VIXVIX--4.62%-4.62%+2.87%
10Y G-SecGSEC--0.25%-0.25%+0.17%