India Bonds Consolidate Ahead of RBI Policy Decision
Indian government bonds are likely to trade within a narrow range this week as investors await the central bank's interest rate decision on Friday. While most economists expect rates to remain steady, concerns over elevated crude oil prices and inflation forecasts continue to influence market sentiment.
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India government bonds will likely consolidate in a narrow range during the morning as investors await the Reserve Bank of India's interest rate decision. The 6.48% 2035 note is expected to trade between 6.97% and 7.02% following a 6 basis point drop last week. This policy meeting determines if the RBI can maintain its growth outlook despite persistent energy price pressures.
