USD\/INR \u8fd1\u671f\u5927\u5e45\u56de\u843d\uff0c\u4e3b\u56e0\u5370\u5ea6\u5132\u5099\u9280\u884c\uff08RBI\uff0c\u5370\u5ea6\u592e\u884c\uff09\u51fa\u624b\uff0c\u91dd\u5c0d\u6295\u6a5f\u8cb7\u76e4\uff08\u4ee5\u77ed\u7dda\u535a\u53d6\u532f\u50f9\u6ce2\u52d5\u7684\u4ea4\u6613\uff09\u6536\u7dca\u4ea4\u6613\u689d\u4ef6\uff0c\u9650\u5236\u5e02\u5834\u5efa\u7acb\u300c\u7f8e\u5143\u6de8\u9577\u5009\u300d\uff08\u62bc\u6ce8\u7f8e\u5143\u4e0a\u5347\u7684\u6301\u5009\uff09\u7684\u80fd\u529b\u3002<\/p>\n
\u5176\u4e2d\u4e00\u9805\u63aa\u65bd\u628a\u9280\u884c\u7684\u300c\u6de8\u672a\u5e73\u5009\u5916\u532f\u982d\u5bf8\u300d\uff08net open FX positions\uff1a\u9280\u884c\u5728\u4e0d\u540c\u8ca8\u5e63\u4e0a\u7684\u672a\u5c0d\u6c96\u98a8\u96aa\u655e\u53e3\uff0c\u532f\u50f9\u8b8a\u52d5\u6703\u76f4\u63a5\u5f71\u97ff\u640d\u76ca\uff09\u4e0a\u9650\u6536\u7dca\uff1a\u4ee5\u5370\u5ea6\u76e7\u6bd4\uff08INR\uff09\u8a08\u7b97\u7684\u984d\u5ea6\u4e0a\u9650\u70ba1\u5104\u7f8e\u5143\uff0c4\u670810\u65e5\u8d77\u751f\u6548\u3002\u9019\u6703\u8feb\u4f7f\u9280\u884c\u6e1b\u5c11\u300c\u505a\u591a\u7f8e\u5143\uff0f\u505a\u7a7a\u76e7\u6bd4\u300d\uff08long USD\/short INR\uff1a\u6301\u6709\u7f8e\u5143\u8cc7\u7522\u6216\u5408\u7d04\u3001\u540c\u6642\u627f\u64d4\u76e7\u6bd4\u4e0b\u8dcc\u98a8\u96aa\uff09\u7684\u655e\u53e3\uff0c\u5f9e\u800c\u5229\u597d\u76e7\u6bd4\u3002<\/p>\n
RBI \u4ea6\u6536\u7dca\u300c\u76e7\u6bd4\u7121\u672c\u91d1\u4ea4\u5272\u9060\u671f\u300d\uff08NDF\uff0cnon-deliverable forwards\uff1a\u4e0d\u5be6\u969b\u4ea4\u4ed8\u672c\u5e63\uff0c\u53ea\u4ee5\u7f8e\u5143\u7b49\u8ca8\u5e63\u6309\u5230\u671f\u532f\u7387\u5dee\u984d\u7d50\u7b97\u7684\u9060\u671f\u5408\u7d04\uff0c\u5e38\u898b\u65bc\u96e2\u5cb8\u5e02\u5834\uff09\u76f8\u95dc\u9650\u5236\uff0c\u4ee4\u5e02\u5834\u66f4\u96e3\u900f\u904eNDF\u5efa\u7acb\u5927\u898f\u6a21\u7f8e\u5143\u9577\u5009\u3002\u5169\u9805\u63aa\u65bd\u758a\u52a0\uff0c\u58d3\u7e2e\u6295\u6a5f\u9700\u6c42\uff0c\u4e26\u89f8\u767c\u6301\u5009\u518d\u5e73\u8861\uff08rebalancing\uff1a\u628a\u539f\u672c\u904e\u5ea6\u504f\u5411\u67d0\u65b9\u5411\u7684\u6301\u5009\u6e1b\u56de\u8f03\u4e2d\u6027\u6c34\u5e73\uff09\u3002<\/p>\n
USD\/INR \u7684\u4e0a\u5347\u52d5\u80fd\u5df2\u653e\u7de9\uff0c\u77ed\u671f\u6216\u9032\u5165\u6574\u56fa\u3002\u82e5\u8207\u4f0a\u6717\u76f8\u95dc\u7dca\u5f35\u5c40\u52e2\u958b\u59cb\u964d\u6eab\uff0cUSD\/INR \u6216\u6709\u9032\u4e00\u6b65\u4e0b\u884c\u7a7a\u9593\u3002<\/p>\n
RBI \u5165\u5e02\u5e72\u9810\u80fd\u529b\u4ecd\u7136\u5f37\u52c1\uff0c\u5916\u532f\u5132\u5099\u5347\u81f3\u903e6,550\u5104\u7f8e\u5143\u7684\u6b77\u53f2\u9ad8\u4f4d\u3002\u9019\u7b46\u300c\u5f48\u85e5\u300d\u610f\u5473\u592e\u884c\u53ef\u5411\u5e02\u5834\u4f9b\u61c9\u7f8e\u5143\uff0c\u907f\u514d\u76e7\u6bd4\u51fa\u73fe\u5931\u5e8f\u5f0f\u8cb6\u503c\uff08disorderly depreciation\uff1a\u77ed\u6642\u9593\u5167\u6025\u8dcc\u4e26\u5f15\u767c\u5e02\u5834\u6d41\u52d5\u6027\u7dca\u5f35\uff09\u3002\u9810\u671fRBI \u6703\u5728\u73fe\u8ca8\u5e02\u5834\uff08spot market\uff1a\u5373\u6642\u4ea4\u6536\u5e02\u5834\uff09\u7a4d\u6975\u9632\u5b88 84.75\u81f385.00 \u5340\u9593\u3002<\/p>\n
\u57fa\u672c\u9762\u65b9\u9762\uff0c\u300c\u5229\u5dee\u300d\uff08interest rate differential\uff1a\u5169\u5730\u5229\u7387\u5dee\uff0c\u5f71\u97ff\u8cc7\u91d1\u6d41\u5411\u8207\u5957\u606f\u6536\u76ca\uff09\u4ecd\u504f\u5411\u652f\u6301\u76e7\u6bd4\uff0c\u7279\u5225\u662f\u5728\u7f8e\u570b\u806f\u5132\u5c40\uff08Fed\uff09\u6700\u8fd1\u6e1b\u606f25\u500b\u57fa\u9ede\uff08basis point\uff1a0.01\u500b\u767e\u5206\u9ede\uff1b25\u500b\u57fa\u9ede=0.25\u5398\uff09\u4e4b\u5f8c\u3002RBI \u628a\u56de\u8cfc\u5229\u7387\uff08repo rate\uff1a\u592e\u884c\u5411\u9280\u884c\u63d0\u4f9b\u77ed\u671f\u8cc7\u91d1\u7684\u4e3b\u8981\u653f\u7b56\u5229\u7387\uff09\u7dad\u6301\u57286.5%\uff0c\u4ee5\u63a7\u5236\u672c\u5730\u901a\u8139\uff0c\u4ee4\u300c\u5957\u606f\u4ea4\u6613\u300d\uff08carry trade\uff1a\u501f\u5165\u4f4e\u606f\u8ca8\u5e63\u3001\u6295\u8cc7\u9ad8\u606f\u8ca8\u5e63\u4ee5\u8cfa\u53d6\u5229\u5dee\uff09\u5c0d\u76e7\u6bd4\u7684\u5438\u5f15\u529b\u4ecd\u5728\uff0c\u6216\u5e36\u4f86\u8cc7\u91d1\u6d41\u5165\u4e26\u70ba\u532f\u50f9\u63d0\u4f9b\u7de9\u885d\u3002<\/p>\n
\u4e0d\u904e\uff0c\u5168\u7403\u80fd\u6e90\u50f9\u683c\u504f\u9ad8\u4ecd\u662f\u4e3b\u8981\u963b\u529b\uff0c\u5e03\u862d\u7279\u539f\u6cb9\uff08Brent crude\uff1a\u570b\u969b\u4e3b\u8981\u539f\u6cb9\u57fa\u6e96\u4e4b\u4e00\uff09\u6301\u7e8c\u4f01\u7a69\u6bcf\u687690\u7f8e\u5143\u4ee5\u4e0a\u3002\u5370\u5ea6\u4f5c\u70ba\u4e3b\u8981\u77f3\u6cb9\u9032\u53e3\u570b\uff0c\u9ad8\u6cb9\u50f9\u6703\u62d6\u7d2f\u8cbf\u6613\u6536\u652f\uff0c\u4e26\u63a8\u9ad8\u8f38\u5165\u578b\u901a\u8139\uff08imported inflation\uff1a\u56e0\u9032\u53e3\u6210\u672c\u4e0a\u5347\u800c\u5e36\u4f86\u7684\u7269\u50f9\u58d3\u529b\uff09\u3002\u9019\u662f\u77ed\u671f\u505a\u591a\u76e7\u6bd4\u4ea4\u6613\u7684\u6838\u5fc3\u98a8\u96aa\u3002<\/p>\n
\u57fa\u65bcRBI \u4ee5\u5f80\u6291\u5236\u532f\u50f9\u6025\u5347\u7684\u53d6\u614b\uff0c\u52a0\u4e0a\u5229\u7387\u74b0\u5883\u652f\u6301\uff0cUSD\/INR \u7684\u4e0a\u885d\u7a7a\u9593\u6216\u53d7\u9650\u3002\u4ea4\u6613\u54e1\u53ef\u628a\u532f\u50f9\u9760\u8fd184.75\u8996\u70ba\u90e8\u7f72\u6a5f\u6703\uff0c\u4f8b\u5982\u6cbd\u51faUSD\/INR \u671f\u8ca8\uff08futures\uff1a\u4ee5\u7d04\u5b9a\u50f9\u683c\u5728\u672a\u4f86\u4ea4\u6536\u7684\u6a19\u6e96\u5316\u5408\u7d04\uff09\u6216\u6cbd\u51fa\u300c\u50f9\u5916\u300d\u770b\u6f32\u671f\u6b0a\uff08out-of-the-money call options\uff1a\u884c\u4f7f\u50f9\u9ad8\u65bc\u73fe\u50f9\u7684\u8cb7\u5165\u671f\u6b0a\uff0c\u6536\u53d6\u6b0a\u5229\u91d1\u4e26\u62bc\u6ce8\u532f\u50f9\u4e0d\u6703\u5927\u5347\uff09\u3002\u6b64\u7b56\u7565\u62bc\u6ce8\u592e\u884c\u672a\u4f86\u6578\u5468\u5c07\u9650\u5236\u532f\u50f9\u660e\u986f\u4e0a\u884c\u3002<\/p>\n
\u958b\u7acb VT Markets \u771f\u5be6\u5e33\u6236<\/a>\u00a0\u4e26\u00a0\u7acb\u5373\u958b\u59cb\u4ea4\u6613<\/a>\u3002 <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" \u83ef\u50d1\u9280\u884c\u6307\uff0c\u5370\u5ea6\u592e\u884c\u52a0\u8fa3\u6536\u7dca\u5e02\u5834\u5fae\u7d50\u69cb\u4e26\u58d3\u5236\u6295\u6a5f\u9577\u5009\uff0c\u8cc7\u91d1\u9000\u6f6e\u4e0b\u7f8e\u5143\u514c\u5370\u5ea6\u76e7\u6bd4\u8d70\u5f31\uff1b\u76e7\u6bd4\u80fd\u5426\u4e58\u52e2\u53cd\u5f48\u6210\u7126\u9ede\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44487","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/44487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=44487"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/44487\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=44487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=44487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=44487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}