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India bonds inch up as traders assess RBI liquidity steps

News Snapshot:

Indian government bonds ticked higher on Tuesday, as investors assessed the Reserve Bank of India's temporary liquidity draining operations, that allayed fears of more stringent operations.The benchmark 6.94% 2036 bond yield ended at 6.9431%, versus 6.9607% on Monday.India's banking system liquidity surplus hit a record 11.16 trillion rupees on Sunday, ?boosted by ?inflows ?from the RBI's dollar-attracting measures. It was last at 10.36 trillion rupees.India bonds stuck in narrow range, focus on oil, RBI liquidity movesIndian bond traders are navigating uncertain waters as soaring oil prices weigh heavily on market sentiment. In response, the Reserve Bank of India is tightening…

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