Indian bonds edge higher as oil prices stabilize

Indian government bonds firmed in early trade as oil prices consolidated after recent gains. Traders remain cautious ahead of a state loan auction and the Federal Reserve policy decision.

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An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013. REUTERS/Adnan Abidi (INDIA - Tags: BUSINESS)

India government bonds ticked up in Tuesday morning trade as Brent Crude Oil prices stabilized. Traders remained cautious ahead of a policy decision from the United States Federal Reserve.