Indian bonds hold tight range ahead of RBI policy meeting

What happened: Indian bonds traded in a tight range as markets await a widely expected Reserve Bank of India rate hike on Wednesday, the first since 2023, plus guidance on inflation and liquidity. Key numbers: India's benchmark 6.94% 2036 bond yield was 7.2108% on Monday. The 10-year U.S. yield eased to 5.26%. States plan to raise 3.61 trillion rupees in October-December. Bharat Petroleum Corp. Why it matters: STCI Primary Dealership expects a cautious bias ahead of the rate decision, with cues from global geopolitics. Heavy state bond supply remains a persistent headwind.

Indian bonds rangebound as market awaits RBI policy meeting.

Indian bonds rangebound as market awaits RBI policy meeting. — impact context not separately stored; see What changed.