印度卢比在特朗普关税冲击下暴跌，央行可能缓冲下跌。交易员表示，周四，印度卢比跌至五个多月低点，受美国总统唐纳德·特朗普威胁对该亚洲国家出口征收25%关税的影响，央行可能会介入以阻止其跌至历史低点。

Indian rupee slumps on Trump tariff jolt, central bank likely cushions fall.The Indian rupee fell to an over five-month low on Thursday, hurt by U.S. President Donald Trump's threat of a 25% tariff on the Asian country's exports, and the central bank likely stepped in to arrest its fall towards a record low, traders said.

美联储重新定价期间，美元继续占据主导地位；特朗普获得韩国协议，瞄准印度。美元本周仍明显跑赢大盘，尽管亚洲市场小幅回落，但美元仍保持坚挺。强于预期的美国第二季度GDP数据促使人们大幅降低了对美联储9月降息的预期。

Dollar Dominance Continues Amid Fed Repricing; Trump Secures Korea Deal, Targets India.Dollar remains the clear outperformer this week, holding firm despite mild retreat in Asian session. Stronger-than-expected US Q2 GDP data have prompted a significant paring back of expectations for a September Fed rate cut.

BSE Sensex指数下跌511点，跌幅0.6%，至80954点，与前两个交易日持平，而Nifty指数也下跌0.6%，至24700点左右，此前美国总统唐纳德·特朗普宣布对印度进口商品征收25%的关税。几乎所有行业都出现了亏损，以石油和天然气为首，在特朗普发出进一步惩罚印度与俄罗斯能源关系的信号后，石油和天然气田暴跌1.7%。交易员们还在等待印度煤炭公司、马鲁蒂铃木公司、马恒达和TVS汽车公司等公司的第一季度业绩，这些公司都将在今天晚些时候公布业绩。在就业数据和个人消费支出通胀等美国关键经济数据公布之前，人们也越来越谨慎。表现最差的是Bharti Airtel（-1.6%）和Reliance Industries（-1.5%），而ICICI Bank、Bajaj Finance和Infosys各下跌约1%。本月，由于美印贸易紧张局势挥之不去，该指数将暴跌3.2%，这是五周来的首次下跌。

The BSE Sensex dropped 511 points, or 0.6%, to 80,954, halting gains from the previous two sessions, while the Nifty also fell 0.6% to around 24,700 after US President Donald Trump announced a 25% tariff on Indian imports. Almost all sectors traded in the red, led by oil & gas, which plunged 1.7% following Trump’s signals of further penalties over India’s energy ties with Russia. Traders also awaited Q1 results from companies including Coal India, Maruti Suzuki, Mahindra & Mahindra, and TVS Motors, all set to announce their results later today. Caution was also building ahead of key US economic data, such as jobs figures and PCE inflation. Among the bottom performers were Bharti Airtel (-1.6%) and Reliance Industries (-1.5%), while ICICI Bank, Bajaj Finance, and Infosys each fell around 1%. For the month, the index is heading for a 3.2% plunge—the first decline in five weeks—amid lingering US-India trade tensions.

周四，印度卢比兑美元汇率保持在87.7左右，在美国总统特朗普表示将从8月1日起对印度商品征收25%的关税后，跌至2月份的历史最低点。他还警告称，由于印度与俄罗斯石油公司的持续贸易，某些行业将受到更高的处罚。然而，特朗普承认，美国仍在与印度谈判，而新德里似乎并不担心，坚持其贸易立场。分析人士表示，印度在与其他合作伙伴正在进行的交易和对美国出口的有限依赖的支持下，正在从强势地位进行谈判。保护其农业部门仍然是一个关键的优先事项，正如其避免关税让步的英国协议所示。通胀率降至2.1%的六年低点，加剧了人们对印度储备银行进一步降息的预期，这增加了压力。

The Indian rupee held around 87.7 per dollar on Thursday, sliding toward an all-time low hit in February after US President Trump said he would impose a 25% tariff on Indian goods, starting August 1. He also warned of higher penalties on certain industries due to India's ongoing trade with Russian oil firms. However, Trump acknowledged that the US is still negotiating with India, while New Delhi appeared unfazed, holding firm on its trade stance. Analysts say India is negotiating from a position of strength, backed by ongoing deals with other partners and limited reliance on US exports. Protecting its agricultural sector remains a key priority, as seen in its UK deal which avoided tariff concessions. Adding pressure, inflation fell to a six-year low of 2.1%, reinforcing expectations of further RBI rate cuts.