India bonds rangebound as oil-led rally loses steam
Indian government bonds held steady as a recent rally paused, with investors now awaiting cues from Bloomberg's index inclusion decision and the monsoon's impact. Yields on the benchmark 2036 note saw a slight dip. Expectations of foreign inflows, boosted by potential index inclusion and easing oil prices, are supporting the market, though El Nino's effect on inflation and growth remains a watchpoint.
