特朗普加征关税前，卢比涨势中断。印度卢比的反弹已将该货币推高至三个月高点，周三可能会在美国计划宣布关税的倒计时中暂停。

Rupee's rally interrupted in run up to Trump's tariffs.A rally in the Indian rupee that has lifted the currency to a three-month high is likely to pause on Wednesday in the countdown to a planned tariff announcement by the United States.

印度卢比对美国关税作出反应，债券收益率小幅下降。印度卢比将对美国本周宣布的互惠关税做出反应，投资者希望衡量这些关税可能如何影响全球贸易和增长前景，而政府债券收益率预计将下降。

Indian rupee to react to US tariffs, bond yields seen inching lower.The Indian rupee will react to the announcement of reciprocal tariffs from the United States this week, with investors looking to gauge how the levies may impact global trade and growth prospects, while government bond yields are expected to decline.

10年期印度G-Sec的收益率约为6.6%，为2022年1月初以来的最低水平，因为交易员在唐纳德·特朗普总统宣布关税之前的不确定性中寻求避险资产。与此同时，大规模外资流入的恢复、印度储备银行近几个月来激进的流动性注入以及全球央行的鸽派立场都在提振投资者对地方债务的需求。与此同时，印度储备银行在2月份首次降息以推动经济增长，2月份低于预期的通胀支持了今年进一步降息的前景。根据路透社的一项民意调查，印度储备银行可能会在4月9日连续第二次降息，预计8月将再降息一次，这将是有史以来最短的宽松周期。

The yield on the 10-year Indian G-Sec was around 6.6%, its lowest level since early January 2022, as traders sought safe-haven assets amid uncertainty ahead of President Donald Trump's tariff announcements. At the same time, the resumption of massive foreign inflows, the RBI's aggressive liquidity infusion in recent months, and the dovish stance of global central banks have all been boosting investor demand for local debt. Meanwhile, the Reserve Bank of India delivered its first rate cut in over four years in February to push growth, and lower-than-expected inflation in February supported the outlook for further rate cuts this year. The RBI will likely cut interest rates for a second straight meeting on April 9, with just one more cut expected in August, which would mark the shortest easing cycle on record, according to a Reuters poll.

周二，BSE Sensex指数进一步下跌，收于76025点，跌幅约1.8%，为一个多月来最大单日跌幅，因为交易员从长周末回来，为本周晚些时候美国的关税做准备。权重股IT和金融指数领跌大盘。美国总统唐纳德·特朗普计划在4月2日推出一系列互惠关税，他说这将是美国的“解放日”，这引起了投资者对全球经济和企业盈利潜在负面影响的担忧。尽管印度和美国正在谈判一项贸易协议以尽量减少影响，但尚未达成最终协议，尽管最近的报道表明谈判进展顺利，两国都接近达成有利协议。最近，外国资金外流再次出现，这也对该指数造成了压力。

The BSE Sensex dropped further to close about 1.8% lower at 76,025 on Tuesday, its biggest daily decline in over a month, as traders returned from a long weekend and braced for US tariffs later this week. The selloff was broad-based led by heavyweight IT and financial indexes. US President Donald Trump plans to roll out a set of reciprocal tariffs on April 2, which he says will be "Liberation Day" for the US, raising concerns among investors about potential negative impacts on the global economy and corporate earnings. While India and the US are negotiating a trade deal to minimize the impact, no final agreement has been reached, though recent reports suggest that talks are progressing well and both nations are nearing a favorable deal. Also weighing on the index, foreign outflows resumed lately.