The yield on India’s 10-year G-Sec rose to around 6.5% in late October, reaching its highest level in four weeks, tracking a surge in US yields following the Fed’s hawkish remarks. Fed Chair Jerome Powell’s post-policy comments dampened expectations for a December rate cut, triggering a sell-off in US Treasuries and pushing yields higher. Capping further upside, the Reserve Bank of India remains inclined to ease policy. Earlier this month, RBI minutes indicated room for rate cuts amid a benign inflation outlook, with headline inflation falling to an eight-year low of 1.54% in September, largely due to lower food prices. Traders also noted that a potential India-US trade deal could support expectations for easing. Market participants will closely monitor RBI’s upcoming 320 billion-rupee bond sale for cues on demand.