The yield on India’s 10-year government bond rose toward 6.50% on Thursday, rebounding from a three-week low hit in the previous session, as market sentiment improved on hopes of a breakthrough in US-India trade talks. President Trump claimed that Prime Minister Modi pledged to stop purchasing Russian oil, a potential step toward easing tensions between Washington and New Delhi. However, India has not confirmed compliance, stating only that it is working to deepen energy cooperation with the US. Last week, the two leaders held talks to assess the progress of trade negotiations, while Indian representatives are now in the US seeking to conclude an agreement that may be announced as soon as November. On the monetary policy front, minutes from the Reserve Bank of India’s recent meeting showed a growing tilt toward policy easing, as Governor Malhotra highlighted that inflation fell to an eight-year low of 1.54% in September, well below the 2–6% target range.