Indian bonds hold steady as everyone waits for GDP update
Indian government bonds barely moved on Thursday, with the 10-year yield hovering near 6.50%.
This week's drop in yields comes as investors watch for new GDP numbers and react to hints from the Reserve Bank of India (RBI) about possible rate cuts, thanks to super-low inflation.
Why does this matter?
Bond yields affect everything from loan rates to how much you earn on savings.
With inflation at just 0.25% in October, many expect the RBI to cut rates again soon—possibly on December 5.
The upcoming GDP data could shape what happens next for interest rates in 2026.
What's making markets cautious?
There's a split on whether December's rate cut will be the last or if more are coming early next year.
A weaker rupee and a big bond auction planned by the RBI have added some nerves, so all eyes are now on Friday's GDP release before anyone makes their next move.