Indian government bond yields were stable in the early session as investors await cues from demand at the state debt auction of INR173bn ($2.09bn). This follows New Delhi's plan to borrow INR390bn via bond sale on Friday. The Reserve Bank of India’s (RBI) upcoming monetary policy decision also looms over the bond market. While experts predict that the central bank will leave the interest rate untouched at 6.50%, focus remains on the RBI's approach to liquidity management, coupled with its policy stance.