美联储决定前卢比上涨，美印贸易谈判提振市场情绪。周三，印度卢比触及两周多来的高点，受美联储预期降息前美元暴跌以及对美印贸易谈判的乐观情绪提振。

Rupee rises ahead of Fed decision, US-India trade talks lift sentiment.The Indian rupee touched a more than two-week high on Wednesday, boosted by a slump in the U.S. dollar ahead of an expected rate cut by the U.S. Federal Reserve and optimism over U.S.-India trade talks.

周三早盘，BSE Sensex指数上涨258点，涨幅0.3%，至82639点，连续第二个交易日上涨，并保持在7月23日以来的最高水平，这得益于对美印贸易谈判的乐观情绪。交易员还展望了美联储的货币政策会议，市场预计美联储将降息25个基点，这是自去年12月以来的首次降息。在唐纳德·特朗普总统宣布一项允许TikTok继续在美国运营的协议后，美中贸易紧张局势的缓解也提振了市场情绪。Nifty 50指数也上涨了0.3%，收于25300点以上，而小盘股和中盘股分别上涨了0.6%和0.2%。科技、能源和汽车类股领涨，其中UltraTech Cement（1.1%）、塔塔汽车（0.9%）、Kotak Mahindra Bank（0.9%），Maruti Suzuki（0.9%）和塔塔咨询服务（0.8%）领涨。

The BSE Sensex climbed 258 points, or 0.3%, to 82,639 in morning trade on Wednesday, rising for the second straight session and holding at its highest level since July 23, buoyed by optimism over US-India trade talks. Traders also looked ahead to the US Federal Reserve’s monetary policy meeting, with markets expecting the central bank to cut interest rates by 25 basis points — the first reduction since last December. Easing trade tensions between the US and China also lifted sentiment, after President Donald Trump announced an agreement allowing TikTok to continue operating in the US. The Nifty 50 also rose 0.3% to trade above 25,300, while small-cap and mid-cap stocks gained 0.6% and 0.2%, respectively. Technology, energy, and auto stocks led the gains, with notable advances from: UltraTech Cement (1.1%), Tata Motors (0.9%), Kotak Mahindra Bank (0.9%), Maruti Suzuki (0.9%), and Tata Consultancy Services (0.8%).

随着美联储开始降息，卢比复苏将加快步伐。在美元和美国国债收益率下跌的支撑下，印度卢比准备在周三最近的复苏基础上再接再厉，市场坚定地关注美联储即将出台的政策裁决。

Rupee recovery to pick pace with Fed set to kick off rate cuts.The Indian rupee is poised to build on its recent recovery on Wednesday, supported by a drop in the dollar and U.S. Treasury yields, with the market focus firmly on the Federal Reserve's upcoming policy verdict.

印度BSE Sensex指数周二收于82381点，上涨约0.7%，为7月23日以来的最高水平，扭转了昨日的下跌趋势。受对美印贸易谈判的乐观情绪和美联储即将降息的预期支撑，涨幅广泛。印度和美国首席谈判代表今天举行会议，讨论审查拟议的双边贸易协定，而美联储周三完全定价的25个基点的降息可能会吸引外国投资组合流入。在新的商品及服务税税率和节日驱动的需求预期推出之前，汽车和耐用消费品股表现优异。在股票中，Kotak Mahindra Bank、Mahindra&Mahindra、Maruti Suzuki、Larsen&Toubro、Bharti Airtel和塔塔钢铁是涨幅最大的，而亚洲涂料和Bajaj Finance是唯一的落后者。

India's BSE Sensex closed about 0.7% firmer at 82,381 on Tuesday, a level not seen since July 23, reversing yesterday's decline. Gains were broad-based, supported by optimism over US-India trade negotiations and expectations of an imminent US Federal Reserve rate cut. India and US chief negotiators are meeting today for discussions to review the proposed bilateral trade agreement, while a fully priced-in 25 bps Fed cut on Wednesday may attract foreign portfolio inflows. Auto and consumer durable stocks outperformed, ahead of the rollout of new GST rates and festive-driven demand expectations. Among stocks, Kotak Mahindra Bank, Mahindra & Mahindra, Maruti Suzuki, Larsen & Toubro, Bharti Airtel, and Tata Steel were the top gainers, while Asian Paints and Bajaj Finance were the only laggards.