
印度卢比在央行行长表示当局将考虑采取更多措施以遏制投机性押注后走强,此前几天央行刚刚宣布了一系列广泛的措施以支撑货币。央行干预也推动了卢比的上涨。
India’s rupee gained as the central bank chief said the authority would consider more steps to thwart speculative bets, days after announcing sweeping measures to bolster the currency. Central bank intervention also fueled the advance.
卢比周三对美元最高升值0.6%,至每美元94.7525卢比,较过去两个交易日累计涨幅1.5%,此前印度央行行长桑贾伊·马尔霍特拉承诺将采取一切必要措施以确保货币走势有序。他在周二晚间接受Moneycontrol采访时表示,印度央行在货币衍生品市场中看到明显的投机行为,以及外汇市场对印度经济的过度悲观预期。
The rupee strengthened as much as 0.6% to 94.7525 per dollar on Wednesday, adding to a 1.5% gain over the past two sessions, as Reserve Bank of India Governor Sanjay Malhotra pledged to do whatever necessary to ensure orderly currency moves. He told Moneycontrol late Tuesday that the RBI saw significant speculation in currency derivatives and undue pessimism about India’s economy in forex markets.
“本质上这是一种言语干预,正在支持印度央行最近的监管干预,”孟买新韩银行财资部主管库纳尔·索德哈尼说。“看起来印度央行希望卢比升值至94左右。风险在于,如果油价上涨且卢比走弱,一些市场参与者可能面临亏损,因为印度央行的措施已经使得对冲变得更加昂贵。”熟悉情况的交易员表示,印度央行通过在周三的市场上出售美元来助推卢比上涨。
“This is essentially verbal intervention, which is backing up the RBI’s recent regulatory intervention,” said Kunal Sodhani, head of treasury at Shinhan Bank in Mumbai. “It looks like the RBI wants the rupee to strengthen toward 94. The risk is that if oil prices head higher and the rupee weakens, some market participants could be exposed to losses as the RBI’s measures have made it costlier to hedge.”The central bank aided the rupee’s gains by selling dollars in the market on Wednesday, according to traders familiar with the developments.
马尔霍特拉的言论紧随印度央行周末宣布的一系列措施之后,旨在支撑卢比——尽管该国实施了大规模的融资计划并加息,但卢比仍一度逼近历史低点。
Malhotra’s comments follow after a series of measures announced by the central bank over the weekend to support the rupee after the currency approached record lows despite a massive capital-raising program and an interest-rate hike.

这些措施包括对货币衍生品市场实施广泛限制,包括更严格的要求以证明真实的对冲需求。印度央行还宣布设立一个特殊窗口,以满足国内一些最大进口商——石油炼油企业的美元需求。
The steps included broad curbs on currency derivatives markets, including more stringent requirements to show proof of genuine hedging. It also announced a special window to meet the dollar requirement of oil refiners, some of the largest importers in the country.
在马尔霍特拉表示虽然央行通常不会使用货币政策来应对金融稳定风险,但两者无法完全分离之后,债券因市场预期印度央行可能进一步加息而下跌。
Bonds fell on anticipation of more interest-rate hikes by the RBI after Malhotra said that while the central bank does not usually use monetary policy to address financial stability risks, they cannot be separated completely.
基准10年期收益率一度上涨至多五个基点,达到7.41%。上周,央行时隔近四年首次加息,并暗示将进一步实施货币紧缩。
Benchmark 10-year yields climbed as much as five basis points to 7.41%. Last week, the central bank raised interest rates for the first time in almost four years while signaling more monetary tightening.