Indian government bonds steady as RBI eyes policy moves

Indian government bonds remained stable on Friday as market participants assessed the Reserve Bank of India's upcoming policy decisions. Traders are closely watching a significant 10-year bond auction expected to provide insight into current market appetite and prevailing interest rate conditions.

Recent movements in US Treasury yields have provided support to the Indian bond market. The RBI is actively managing financial conditions as it addresses capital outflows and rising costs associated with rupee shorting, reflecting broader external pressures on India's financial markets.