India bonds pause rally as large debt supply, Fed decision loom

Indian government bonds ended the day unchanged on Tuesday after a recent rally, as an influx of ten-year notes and the Federal Reserve's policy decision dampened risk appetite. Market participants kept a close eye on oil prices and U.S. Treasury yields for guidance. There is an expectation of a rate increase in September from the Federal Reserve, with geopolitical tensions lingering due to Oman's proposed fees in the Hormuz Strait.