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Indian government bonds ended modestly higher after stronger-than-expected demand at the RBI debt sale, but gains were limited by elevated U.S. Treasury yields and higher expectations that the RBI will hike rates next month.
Indian government bond yields could face headwinds from an upcoming debt sale by the Reserve Bank of India and elevated U.S. Treasury yields, potentially capping any gains from falling oil prices. The benchmark 6.94% 2036 bond yield is expected to trade between 7.05% and 7.09% on Monday. The RBI will sell bonds worth 2