Indian bonds hold steady ahead of RBI policy decision

Indian government bonds have remained in a tight trading range as investors hold back from major positions ahead of a potential interest rate decision by the Reserve Bank of India. Market caution reflects global headwinds, including geopolitical tensions and a softer U.S. jobs report that signals a possible pause in Federal Reserve rate hikes.

Investor sentiment has shifted in light of these external factors. The upcoming quarter is also expected to see a significant increase in bond sales from Indian states, which may influence market dynamics.