印度NIFTY50指数 (INDIA50) 加自选

2025年3月，印度的基础设施产出比上一年增长了3.8%，比上个月向上修正的3.4%增长更快，标志着基础设施投入生产连续第七个时期出现积极变化。水泥（2月份为11.6%对10.8%）、化肥（8.8%对10.2%）、钢铁（7.1%对6.9%）和电力（6.2%对3.6%）的产量大幅增长。反过来，原油（-1.9%对-5.2%）和天然气（-12.7%对-6%）的产量下降。在2025年的整个财政年度，基础设施产出增长了4.4%，低于前一年7.6%的增长。

India's infrastructure output expanded by 3.8% from the previous year in March of 2025, accelerating from the upwardly revised 3.4% increase in the previous month to mark the seventh consecutive period of positive change to the production of infrastructure inputs. Output expanded sharply for cement (11.6% vs 10.8% in February), fertilizers (8.8% vs 10.2%), steel (7.1% vs 6.9%), and electricity (6.2% vs 3.6%). In turn, output fell for crude oil (-1.9% vs -5.2%) and natural gas (-12.7% vs -6%). For the full financial year of 2025, infrastructure output expanded by 4.4%, slowing form the 7.6% increase in the previous year.

在孟买，孟买敏感指数周一上涨885点，涨幅1.13%。领涨的是Tech Mahindra（5.10%）、Indusind Bank（4.06%）和Power Grid（3.56%）。

In Mumbai, the SENSEX Index rose 885 points or 1.13 percent on Monday. Leading the gains are Tech Mahindra (5.10%), Indusind Bank (4.06%) and Power Grid (3.56%).

美元下跌帮助卢比延续连胜；远期保费下降。周一，印度卢比延续了其连胜纪录，因为美元仍处于守势，投资者对美国资产的信心因唐纳德·特朗普总统对美联储主席的批评而受到削弱。

Sliding dollar helps rupee extend winning streak; forward premiums fall.The Indian rupee extended its winning streak on Monday as the dollar remained on the defensive, with investor confidence in U.S. assets dented by President Donald Trump's criticism of the Federal Reserve chief.

4月份，印度卢比兑美元汇率升至85，为四个月来的最高点，这得益于美元走软，并追随印度资产的反弹，因为该国对出口的依赖程度较低，使其对美国贸易战引发的衰退担忧相对强劲。卢比也受到有限资金外流的支撑，因为OEPC+国家的石油产量增加和美国的增长担忧对原油和燃料价格造成了压力，而原油和燃料占印度进口的大部分。这些发展足以抵消印度储备银行降低利率的前景。最新数据显示，3月份印度通胀率降至五年多来的最低水平，远低于印度储备银行4%的中点目标。此外，印度上一财政年度的国内生产总值从上一时期的8.2%增长了6.5%，迫使央行关注增长问题。

The Indian rupee strengthened to 85 per USD in April, the highest in four months, benefitting from a weaker dollar and tracking the rally in Indian assets as the country's small dependence on exports make it relatively robust to recession concerns stemming from a US trade war. The rupee was also supported by limited outflows as higher oil output from OEPC+ nations and growth concerns in the US pressured crude oil and fuel prices, which make up most of Indian imports. The developments were enough to offset the outlook of lower interest rates by the Reserve Bank of India. The latest data showed that the Indian inflation rate fell to its lowest in over five years in March, well below the RBI's mid-point target of 4%. Additionally, the Indian GDP grew by 6.5% in the last financial year from 8.2% in the prior period, forcing the central bank to attend to growth concerns.