Reuters Market Eye - India VIX up 4.9 pct.
Closed at 12.89 on Friday, near its all-time closing low of 11.56 hit on Sept. 22.
Nifty marks record high a day ahead of RBI's rate decision.
Markets pricing in a rate cut although only 4 out of 45 economists in a Reuters poll say the RBI will cut.
(Reporting by Abhishek Vishnoi)