印度卢比:政策支持缓解贬值风险 – BBH
布朗兄弟哈里曼(BBH)的埃利亚斯·哈达德报道,印度储备银行(RBI)将政策利率维持在5.25%,采取中性立场,符合大多数预期。在当局公布吸引外资和投资者税收豁免措施后,印度卢比(INR)表现优异。

布朗兄弟哈里曼(BBH)的埃利亚斯·哈达德报道,印度储备银行(RBI)将政策利率维持在5.25%,并保持中性立场,符合大多数预期。在当局公布吸引外资和投资者税收豁免措施后,印度卢比(INR)表现优异。哈达德警告称,持续的能源冲击意味着这些措施可能只能减缓印度卢比的贬值速度。

资本流入推动与能源冲击

“印度储备银行(RBI)连续第三次会议将政策利率维持在5.25%,并保持中性立场。彭博社调查的38位分析师中有32位预期利率不变,其余则预计加息25个基点。”

“印度卢比全面表现优异,因为印度推出了一系列吸引外资的方案。印度储备银行与政府今日宣布了旨在通过吸引更多资本流入来加强印度国际收支的措施。”

“印度储备银行推出了五项措施,简化外国投资者购买政府债券和股票的流程,并鼓励外币存款。”

“与此同时,政府自2026年4月1日起追溯性地对外国机构投资者在‘任何政府证券利息及因出售、交换或转让该政府证券产生的任何资本利得’给予税收豁免。”

“尽管如此,在能源冲击消退之前,这些促进资本流入的措施更可能是减缓印度卢比贬值,而非扭转其大幅低估。印度是原油净进口国,约一半的石油进口通过霍尔木兹海峡。”

(本文借助人工智能工具生成,并由编辑审核。)

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