Indian bonds hold steady as traders await RBI decision

Indian government bonds remained largely stable on Wednesday, supported by lower oil prices despite some selling pressure in the market. The benchmark 10-year yield held around 7% after a modest decline from earlier levels.

Analysts observed that Indian bonds have outperformed US Treasuries amid global market volatility and fluctuating crude prices. Market participants are closely monitoring upcoming inflation data and expectations of a potential interest rate hike at the Reserve Bank of India's policy meeting.