印度6个月期国债 (India6M) 加自选

随着关税担忧的临近，鲍威尔对卢比的提振可能不会持续下去。交易员表示，在联邦主席杰罗姆·鲍威尔暗示9月降息后，印度卢比周一有望开盘走高，尽管美国关税的不确定性可能意味着这种上涨不太可能持续下去。

Powell boost for rupee may not last as tariff worries loom.The Indian rupee is poised to open higher on Monday after the Federal Chair Jerome Powell signalled a September rate cut, though looming U.S. tariff uncertainty may mean that the advance is unlikely to sustain, traders said.

卢比应对美国额外关税倒计时，债券跟踪财政发展。印度卢比本周的走势将由美国贸易政策的发展主导，对印度商品征收的高额关税将于周三生效，而政府债券将跟踪财政方面的任何发展。

Rupee to contend with additional US tariff countdown, bonds to track fiscal developments.The Indian rupee's trajectory this week will be dominated by developments on U.S. trade policy, with steep tariffs on Indian goods slated to take effect from Wednesday, while government bonds will track any developments on the fiscal front.

外交部长Subrahmanyam Jaishankar周六表示，与华盛顿的贸易谈判正在进行中，但印度已经划定了明确的红线，强调了保护农民和小生产者的必要性。他的评论是在美国对印度商品征收高达50%的额外关税生效前几天发表的，这是华盛顿为应对新德里增加的俄罗斯石油进口而征收的最严厉的关税之一。25%的关税已经到位，8月27日将再征收25%，而在美国谈判代表取消了8月25日至29日对新德里的计划访问后，减免的希望逐渐破灭。今年早些时候，在印度拒绝开放其农业和乳制品行业后，贸易谈判破裂。世界最大和第五大经济体之间的双边贸易额超过1900亿美元。为捍卫印度的立场，Jaishankar表示，“我们有权为我们的国家利益做出决定”，同时指出，华盛顿没有对中国和欧盟等其他主要俄罗斯石油买家施加类似的压力。

Trade talks with Washington are ongoing, but India has drawn firm redlines, Foreign Minister Subrahmanyam Jaishankar said Saturday, underscoring the need to protect farmers and small producers. His comments come days before additional U.S. tariffs of up to 50% on Indian goods take effect, among the steepest levies imposed by Washington, in response to New Delhi’s increased Russian oil imports. A 25% duty is already in place, with another 25% set for August 27, while hopes of relief faded after U.S. negotiators canceled a planned August 25–29 visit to New Delhi. Earlier this year, trade talks collapsed after India refused to open its agricultural and dairy sectors. Bilateral trade between the world’s largest and fifth-largest economies exceeds USD 190 billion. Defending India’s position, Jaishankar said, “It is our right to make decisions in our national interest,” while noting that Washington has not applied similar pressure on other major Russian oil buyers such as China and the EU.

印度BSE Sensex指数周五收于81306,85点，下跌约0.85%，结束了六天的涨势，因为在美联储主席杰罗姆·鲍威尔在杰克逊霍尔研讨会上发表讲话之前，全球市场情绪变得更加谨慎。贸易商也对美国即将对印度进口商品征收的关税保持警惕，该关税定于8月27日生效。原定于8月25日至29日访问印度的美国代表团已被取消，拟议的双边贸易协定谈判暂时搁置。此次会谈将标志着第六轮谈判，旨在推进双边贸易协定。在股市中，亚洲涂料、UltraTech水泥、塔塔钢铁和ITC是主要输家，下跌约2%。Kotak Bank、HDFC Bank和SBI等主要银行以及指数权重股信实工业也下跌了1%。本周，该指数上涨约0.9%，连续第二周上涨，这得益于对商品及服务税改革的乐观情绪。

India's BSE Sensex closed about 0.85% down at 81,306,85 on Friday, snapping its six-day rally, as global market sentiment turned more cautious ahead of Fed Chair Jerome Powell’s address at the Jackson Hole Symposium. Traders also remained wary of upcoming US tariffs on Indian imports, scheduled to take effect on 27 August. The US delegation scheduled to visit India from August 25 to 29 has been cancelled, putting negotiations on a proposed bilateral trade agreement on hold for the time being. The talks, which would have marked the sixth round of negotiations, were intended to advance a bilateral trade agreement. Among equities, Asian Paints, UltraTech Cement, Tata Steel and ITC were the major losers, down around 2%. Major banks such as Kotak Bank, HDFC Bank and SBI also shed 1% along with the index heavyweight Reliance Industries. For the week, the index gained approximately 0.9%, marking its second straight weekly advance, supported by optimism over GST reforms.