印度10年期G-Sec的收益率降至略低于6.51%，为近一周来的最低水平，因为投资者在等待10月15日央行最新政策会议纪要的同时，专注于每周的国债拍卖。印度各州今天出售了价值1280亿卢比的债券，远低于本周计划的2910亿卢比，一些州跳过了拍卖——此举可能反映了资金需求的减少，并支撑了债券价格。债券销售也受到更广泛市场因素的影响，包括低于预期的零售通胀和对即将到来的印度储备银行会议纪要的预期。印度9月通胀率降至1.54%，低于印度储备银行2-6%的目标和1.7%的市场预期，加强了12月降息的理由。印度储备银行本月早些时候保持基准利率不变，但表示未来几个月可能有放松政策的空间，以支持受美国关税压力的经济。

The yield on India’s 10-year G-Sec eased to just below 6.51%, its lowest in nearly a week, as investors focused on the weekly state debt auction while awaiting minutes from the central bank's latest policy meeting due on October 15. Indian states sold 128 billion rupees worth of bonds today, well below the 291 billion rupees planned for the week, with some states skipping the auction — a move that may reflect reduced funding needs and support bond prices. The bond sale was also influenced by broader market factors, including lower-than-expected retail inflation and anticipation of the upcoming RBI meeting minutes. India’s inflation eased to 1.54% in September, below the RBI’s 2–6% target and market expectations of 1.7%, strengthening the case for interest rate cuts in December. The Reserve Bank of India kept its benchmark interest rate unchanged earlier this month but signaled there may be room to ease policy in the coming months to support an economy under pressure from US tariffs.

卢比兑美元下跌12便士，创下88.80的历史新低。周二，卢比兑美元汇率跌至88.80（暂定）的历史低点，跌幅为12派萨，受国内股市下跌和美元隔夜上涨的拖累。

Rupee falls 12 paise to revisit all-time low of 88.80 against US dollar.The rupee depreciated 12 paise to revisit its all-time low of 88.80 (provisional) against the US dollar on Tuesday, weighed down by negative domestic equities and overnight gains in the American currency.

周二，印度BSE Sensex指数下跌约0.4%，收于82030点，这是连续第二天下跌，由于对美中贸易紧张局势再次升级的新担忧，市场普遍抛售。中国和美国实施的港口费今天生效，揭开了世界两大经济体之间贸易战的新篇章。在国内，迄今为止第二季度业绩不佳和通胀数据疲软加剧了人们对需求疲软的担忧，加剧了获利回吐活动。对美印贸易协定的持续乐观情绪缓和了市场情绪。在股市方面，Bajaj Finance、巴拉特电子、塔塔钢铁、特伦特、TCS和亚洲涂料是跌幅最大的公司，跌幅在1.5%至1.9%之间。尽管HCLTech保持了3%-5%的年收入增长预测，并超过了第二季度的收入预期，但该公司放弃了早期的收益并略有下跌。相比之下，Tech Mahindra（+1.3%）、ICICI Bank（+0.4%）、Hindustan Unilever（0.4%）和Power Grid（0.4%）是唯一的赢家。

India's BSE Sensex closed about 0.4% down at 82,030 on Tuesday, the second day of losses, amid broad-based selling due to fresh concerns over a renewed escalation of US-China trade tensions. Port fees implemented by China and the US came into effect today, opening a new chapter in the trade war between the world’s two largest economies. Domestically, the combination of unimpressive Q2 results so far and softer inflation data heightened concerns about weak demand, intensifying profit-taking activity. Market sentiment was tempered by ongoing optimism over the US-India trade agreement. On equities, Bajaj Finance, Bharat Electronics, Tata Steel, Trent, TCS, and Asian Paints were the top losers, down between 1.5% and 1.9%. HCLTech gave up early gains and fell slightly, despite keeping its annual revenue growth forecast of 3%-5% and beating Q2 revenue estimates. By contrast, Tech Mahindra (+1.3%), ICICI Bank (+0.4%), Hindustan Unilever (+0.4%), and Power Grid (+0.4%) were the only gainers.

2025年9月，印度批发价格同比上涨0.13%，低于市场预期的0.5%的涨幅，增速低于8月份的0.52%，这是自4月以来的最快增速。放缓的主要原因是食品价格下跌和制造成本放缓。9月份食品价格下跌1.99%，扭转了8月份0.21%的涨幅。洋葱（-63.79%）、土豆（-42.24%）、蔬菜（-24.41%）和豆类（-17.19%）的价格下跌是导致价格下跌的主要原因。与此同时，制造业通胀率从8月份的2.55%降至2.33%，这是四个月来最快的增长。食品（4.56%对7.15%）、皮革及相关产品（1.84%对2.40%）和水泥、石灰和石膏（3.72%对4.23%）的增长明显放缓。相比之下，燃料价格继续下跌，在8月份下跌3.17%之后，同比下跌2.58%。9月份批发价格环比下降0.19%，扭转了8月份0.53%的涨幅。

India’s wholesale prices rose by 0.13% year-on-year in September 2025, falling short of market expectations for a 0.5% increase and slowing from a 0.52% rise in August, which was the fastest pace since April. The slowdown was primarily driven by a decline in food prices and moderating manufacturing costs. Food prices fell 1.99% in September, reversing a 0.21% rise in August. The decrease was led by lower prices for onion (-63.79%), potato (-42.24%), vegetables (-24.41% ), and pulses (-17.19%). Meanwhile, manufacturing inflation eased to 2.33%, down from 2.55% in August, which had marked the fastest growth in four months. Notable slowdowns were observed in food products (4.56% vs 7.15%), leather and related products (1.84% vs 2.40%), and cement, lime & plaster (3.72% vs 4.23%). In contrast, fuel prices continued to decline, falling 2.58% year-on-year, following a 3.17% drop in August. Monthly, wholesale prices declined by 0.19% in September, reversing a 0.53% rise in August.