
Indian bonds track US Treasuries lower; RBI action in focus

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Indian government bonds dipped in early trade on Monday, influenced by rising U.S. Treasury yields and cautious sentiment ahead of the Reserve Bank of India's next move. The 10-year bond yield rose to 6.5432%. The RBI resumed bond purchases, buying 124.70 billion rupees worth in the week ending November 7. Indian states reduced debt supply for the week. U.S. Treasury yields surged, affecting rate-cut expectations. India's overnight index swap rates rose slightly.

