The yield on India’s 10-year G-Sec rose above 6.52% on Thursday after a two-day holiday break, as investors turned to riskier assets amid signs of improving US-India trade ties. Reports suggest the two countries are close to a deal that would cut US tariffs on Indian imports to around 15%–16%, down from about 50%, with energy and agriculture central to the talks. As part of the possible agreement, which could be announced at the upcoming ASEAN summit, India may gradually reduce its Russian oil purchases while opening the door to more US corn and soymeal. Meanwhile, on the policy front, the Reserve Bank of India noted in its monthly bulletin that global economic uncertainty continues to pose risks, though the domestic economy has remained resilient. The central bank recently lifted its economic growth forecast to 6.8% and policymakers signaled scope for future rate cuts as inflation pressures ease.