India bonds little changed; traders track oil moves in run-up to RBI decision

Indian government bonds remained stable early on Wednesday, supported by lower oil prices amid selling pressure. The benchmark 10-year yield hovered around 7% after declining slightly from previous levels. Analysts noted that Indian bonds have outperformed US Treasuries amid global market volatility and oil price fluctuations. Expectations for an interest rate hike at the Reserve Bank of India's upcoming policy meeting have increased due to rising inflation concerns.