Indian government bond yields fell, following the decline in US yields, ahead of the Reserve Bank of India's (RBI) monetary policy decision announcement. The 10-year benchmark bond yield fell to 7.275% on Wednesday from Monday's close of 7.3142%. The RBI is expected to raise interest rates for the seventh consecutive time, taking the repo rate to a seven-year high of 6.75%. The Indian government will begin its borrowing programme by offering bonds worth INR330bn ($4bn), including a replacement 2033 bond to this year's borrowing.