印度3年期国债 (India3Y) 加自选

印度BSE Sensex指数周一收于82445点，上涨约0.3%，创下5月中旬以来的最高水平，延续了前三个交易日的涨幅。此次反弹主要得益于重量级银行和金融股的强劲表现，这得益于印度储备银行最近大幅降息和流动性措施。科技、汽车和制药股也上涨，因美中谈判今天举行，以及美印贸易谈判的积极迹象，有望缓解贸易紧张局势。印度政府消息人士报道称，两国正在寻求在7月9日最后期限之前就削减关税达成共识。在主要推动因素中，Kotak Mahindra Bank领涨，涨幅超过3%，其次是Bajaj Finance、Bajaj Finserv、Axis Bank、Maruti、Power Grid、NTPC、TCS、Sun Pharma和塔塔汽车，涨幅在0.9%至2.6%之间。

India's BSE Sensex closed about 0.3% up at 82,445 on Monday, marking its highest level since mid-May and extending gains from the previous three sessions. The rally was mainly fueled by strong performance in heavyweight banking and financial stocks, boosted by the Reserve Bank of India’s recent oversized rate cut and liquidity measures. Tech, auto, and pharma stocks also gained on hopes of easing trade tensions, as US-China talks take place today, alongside positive signs from US-India trade negotiations. Indian government sources reported that both countries are seeking consensus on tariff cuts ahead of the July 9 deadline. Among key movers, Kotak Mahindra Bank led the gains, up over 3%, followed by Bajaj Finance, Bajaj Finserv, Axis Bank, Maruti, Power Grid, NTPC, TCS, Sun Pharma and Tata Motors, adding between 0.9% and 2.6%.

分析人士表示，印度央行大幅降息挤压了远期保费，使卢比变得脆弱。几位分析师周一表示，印度储备银行上周出人意料的大幅降息将使卢比面临进一步贬值的风险，因为这会给已经低迷的外汇远期溢价带来压力。

India central bank's large rate cut squeezes forward premiums, leaves rupee vulnerable, analysts say.The Reserve Bank of India's surprise outsized rate cut last week will leave the rupee vulnerable to further depreciation by pressuring already depressed foreign exchange forward premiums, several analysts said on Monday.

周一早盘，印度股市上涨415点，涨幅0.5%，至82604点，连续第四个交易日上涨，达到2024年10月初以来的最高水平。各行业普遍反弹，银行股和汽车股领涨。周五，BSE Sensex指数跟随华尔街的积极领先，受到美国就业数据的支撑，并重新燃起了缓解美中贸易紧张局势的希望。印度储备银行周五的意外举措进一步提振了市场情绪，其中包括比预期更大的回购利率下调和存款准备金率（RRR）下调，以及印美贸易谈判的发展。中小型股也做出了重大贡献，两个板块的涨幅均超过6%。Nifty 50指数也上涨0.5%，至25100点以上，其中Bajaj Finance（3.9%）、Kotak Mahindra Bank（3.0%）、Bajaj Finserv（2.7%）、Axis Bank（1.8%）和IndusInd Bank（1.3%）涨幅显著。

India's shares rose by 415 points, or 0.5%, to 82,604 in early trading on Monday, gaining for a fourth straight session and reaching their highest level since early October 2024. The rally was broad-based across sectors, with banking and auto stocks leading the gains. The BSE Sensex followed a positive lead from Wall Street on Friday, supported by solid US jobs data and renewed hopes of easing trade tensions between the US and China. Sentiment was further lifted by the RBI's surprise move on Friday, which included a larger-than-expected repo rate cut and a reduction in the reserve requirement ratio (RRR), as well as the development of India-US trade negotiations. Small- and mid-cap stocks also contributed significantly, with both segments rising over 6%. The Nifty 50 also climbed 0.5% to above 25,100, with notable gains from Bajaj Finance (3.9%), Kotak Mahindra Bank (3.0%), Bajaj Finserv (2.7%), Axis Bank (1.8%), and IndusInd Bank (1.3%).

卢比几乎持平，追随疲软的亚洲外汇；远期保费回落。周一，印度卢比几乎没有变化，追随亚洲货币的温和走势，而美元兑卢比远期溢价有所缓解，此前美国劳动力市场数据强于预期，削弱了美联储降息的希望。

Rupee nearly flat, tracking subdued Asia FX; forward premiums retreat.The Indian rupee was nearly unchanged on Monday, tracking muted moves in Asian currencies, while dollar-rupee forward premiums eased after stronger-than-expected U.S. labour market data dented hopes of rate cuts by the Federal Reserve.