Mumbai, June 5 -- Local bond markets saw tight moves as the attentions shifted on upcoming Reserve Bank of India (RBI) monetary policy decision. Yield on the 6.33% 10-year bond held around 6.19%. The 10-year 6.79% G-sec 2034 bond yields lingered around 6.25%. Crude oil futures have edged up today, adding to recent gains but the current rally in oil has not been having much of an impact on yields. A fall in the US 10-year yield to four-week low kept overall action under check too. The RBI is scheduled to announce its monetary policy decision on Friday, with a 25 basis point (bp) rate cut widely expected which this would mark the third consecutive rate reduction in 2025.

Published by HT Digital Content Services with permission from Capital...