周一早盘，BSE Sensex指数下跌323点，跌幅0.4%，至82178点，与前两个交易日相比停止上涨，因为美中贸易紧张局势再次加剧，扰乱了投资者情绪。周五，特朗普总统对北京最新的出口管制作出回应，宣布对中国出口到美国的商品征收100%的额外关税。大多数行业出现亏损，科技、石油和天然气、银行和金融股领涨。Nifty 50指数也下跌了0.4%，而小盘股和中盘股分别下跌了0.6%和0.3%。投资者现在正在等待9月份的通胀数据，市场预期将降至1.7%，低于印度储备银行2-6%目标区间的下限，这增加了人们对即将召开的央行会议可能降息的希望。其中最落后的是印孚瑟斯（-1.1%）和塔塔汽车（-1.0%），而JSW钢铁、塔塔钢铁和信实工业均下跌0.8%。HCL Tech在今天晚些时候发布季度收益报告之前也下跌了0.9%。

The BSE Sensex dropped 323 points, or 0.4%, to 82,178 in morning trade on Monday, halting gains from the previous two sessions as renewed US-China trade tensions rattled investor sentiment. On Friday, President Trump responded to Beijing’s latest export controls by announcing additional 100% tariffs on US-bound Chinese exports. Most sectors traded in the red, led by technology, oil & gas, banking, and financial stocks. The Nifty 50 also fell 0.4%, while small-caps and mid-caps declined by 0.6% and 0.3%, respectively. Investors are now awaiting September inflation data, with market expectations pointing to a drop to 1.7%—below the lower end of the RBI’s 2–6% target range—which has raised hopes for potential interest rate cuts at the upcoming central bank meeting. Among the biggest laggards were Infosys (-1.1%) and Tata Motors (-1.0%), while JSW Steel, Tata Steel, and Reliance Industries each fell 0.8%. HCL Tech also declined 0.9%, ahead of its quarterly earnings report due later today.

早盘交易中，卢比兑美元汇率下跌5派萨，至88.77。周一，印度卢比兑美元汇率下跌5派萨，至88.77。这一走势发生在全球避险情绪和美元走强的背景下。

Rupee falls 5 paise to 88.77 against US dollar in early trade.The Indian rupee weakened by 5 paise to 88.77 against the US dollar on Monday. This movement occurred amid global risk aversion and a strong dollar.

交易员表示，印度卢比两周的平静表明央行旧策略的回归。交易员表示，印度卢比最近的紧缩举措表明，央行已经恢复了使用大规模市场干预的旧策略，将货币锚定在其认为适当的水平。

India rupee's two-week calm suggests return of central bank's old playbook, traders say.The Indian rupee's recent tight moves suggest the central bank has reverted to its old playbook of using heavy market intervention to keep the currency anchored to a level it deems appropriate, traders said.

卢比可能依赖央行的支持；追踪通胀数据的债券。在央行的支持下，印度卢比本周可能会对美中贸易紧张局势再次升级的影响做出回应，而政府债券将受到国内通胀和供需动态的影响。

Rupee may rely on central bank support; bonds to track inflation data.The Indian rupee is likely to respond this week to the fallout from renewed U.S.-China trade tensions, with support from the central bank, while government bonds will take cues from domestic inflation print and demand-supply dynamics.