The yield on India’s 10-year G-Sec eased to just below 6.51%, its lowest in nearly a week, as investors focused on the weekly state debt auction while awaiting minutes from the central bank's latest policy meeting due on October 15. Indian states sold 128 billion rupees worth of bonds today, well below the 291 billion rupees planned for the week, with some states skipping the auction — a move that may reflect reduced funding needs and support bond prices. The bond sale was also influenced by broader market factors, including lower-than-expected retail inflation and anticipation of the upcoming RBI meeting minutes. India’s inflation eased to 1.54% in September, below the RBI’s 2–6% target and market expectations of 1.7%, strengthening the case for interest rate cuts in December. The Reserve Bank of India kept its benchmark interest rate unchanged earlier this month but signaled there may be room to ease policy in the coming months to support an economy under pressure from US tariffs.