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%).

美国拒绝了印度在世界贸易组织（WTO）就华盛顿对铜和铜衍生产品征收50%关税进行磋商的请求，辩称这些关税不是新德里声称的保障措施。据《经济时报》报道，美国告诉世贸组织，印度寻求磋商“没有依据”。本月早些时候，印度根据世贸组织《保障措施协定》提出了这一请求。这标志着印度在此前就钢铁和铝、汽车和汽车零部件问题发生争端后，第三次寻求与美国和华盛顿进行世贸组织磋商。根据1962年《贸易扩张法》第232条，美国从8月1日起对进口的半成品和衍生铜的铜输入值征收50%的关税。该措施将无限期适用。

The United States has rejected India’s request for consultations at the World Trade Organization (WTO) regarding Washington’s 50% tariffs on copper and copper derivative products, arguing that the tariffs are not safeguard measures, as claimed by New Delhi. According to The Economic Times, the US told the WTO that there is “no basis” for India to seek consultations. Earlier this month, India had initiated the request under the WTO Agreement on Safeguards. This marks the third instance of India seeking WTO consultations with the US and Washington refusing, following previous disputes over steel and aluminium, and automobiles and auto components. The US imposed a 50% tariff on the copper input value of semi-finished and derivative copper imports beginning August 1, under Section 232 of the Trade Expansion Act of 1962. The measure is set to apply indefinitely.

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.