India bonds stuck in narrow range, focus on oil, RBI liquidity moves

Indian bond traders are navigating uncertain waters as soaring oil prices weigh heavily on market sentiment. In response, the Reserve Bank of India is tightening liquidity to combat rising inflation. This strategic move intends to stabilize overnight rates and counterbalance the pressures of high crude costs. As the RBI adopts a careful approach, the possibility of interest rate hikes looms on the horizon.