无视美元走弱利好，关税阴霾下25亿美元资本外逃，印度卢比再创历史新低

Core Viewpoint - The Indian Rupee has reached a historic low against the US Dollar, primarily due to ongoing capital outflows and uncertainty surrounding US-India trade agreements [1][3][4]. Group 1: Currency Performance - The Indian Rupee hit a record low of 90.55 against the US Dollar, surpassing the previous low of 90.4675 set on December 11 [1]. - Foreign investors have net sold approximately $2.5 billion in Indian stocks and bonds this month, continuing a trend of significant capital withdrawal throughout the year [3]. - The Rupee has become one of the worst-performing currencies in Asia this year, exacerbated by the ongoing trade tensions and tariff impacts [3][4]. Group 2: Trade Relations and Economic Impact - Indian Prime Minister Modi discussed expanding bilateral trade and energy cooperation with US President Trump, but the prospects for a trade agreement remain uncertain [3][5]. - The ongoing trade negotiations between the US and India are seen as a critical factor influencing the Rupee's performance, with any breakthroughs potentially aiding in stabilizing the currency [4][6]. Group 3: Central Bank Interventions - The Reserve Bank of India has intervened by selling US Dollars through state-owned banks to mitigate the Rupee's decline [6]. - Despite these interventions, analysts warn that if tariff policies persist, the Rupee's weakness may continue to worsen [6]. - The trade-weighted effective exchange rate of the Rupee has fallen to 97.47, indicating that the currency is undervalued [6].