Oil pain pins India bonds in range; RBI minutes to give next cue

Indian government bonds showed little movement on Wednesday, trading in a tight range. The increase in oil prices countered support drawn from softer U.S. Treasury yields, which affected trader sentiment. Market participants are now looking ahead to the impending policy minutes from the U.S. and Indian central banks for insights on future directions. The Indian rupee experienced a decline against the dollar, prolonging the Nifty 50 index's losing streak.