India bond yields rise ahead of US, India inflation data
inflation data from the world's largest economy and India for further cues on interest rates.
The benchmark 10-year yield ended at 6.7171%, compared with its previous close of 6.7073%.
U.S. consumer price index (CPI) data is due after Indian market hours on Wednesday, with a Reuters poll predicting inflation likely rose 2.7% year-on-year and 0.3% month-on-month in November.
The 10-year U.S. yield climbed overnight and was around 4.23% in Asia hours, while the odds of a 25-basis-point rate cut are currently at 85% compared to 72% last week. The Federal Reserve, whose policy decision is due next Wednesday, has already cut rates by 75 bps since September.
India data is due on Thursday, with a Reuters poll predicting retail inflation likely slowed to 5.53% in November from 6.21% in October as the arrival of fresh produce to markets moderated soaring vegetable prices.
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