Indian bond yields steady as investors eye fresh triggers

Indian government bond yields remained mostly unchanged as traders refrained from making big moves. Market players anticipate no significant changes and predict the benchmark bond to linger around 7.25%. The market also expects RBI to maintain its stand on the repo rate at 6.50%. The trading volume in general decreased as key names in the industry have slowed down on their buying activities. Additionally, state-run banks may wait for bond prices to fall before creating new positions. The forecast for supply is at INR330bn ($4bn) through bond sales.

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