MUMBAI: Indian federal bond yields were mostly steady on Monday as traders were on the periphery awaiting clues whether the Reserve Bank of India will announce a debt buyback this week to support a scheduled bond auction.
The 10-year benchmark bond yield was at 8.18 percent, marginally down from 8.19 percent on Friday.
India is scheduled to raise 120 billion rupees ($2.42 billion) by auctioning bonds in the week to Feb 17, as per the government's auction calendar.
Traders were also cautious ahead of Tuesday's inflation data, as it is a crucial input in the RBI's policy rate setting.
The headline inflation rate, based on wholesale prices, is likely to have fallen to 6.60 percent year-on-year in January from 7.47 percent in December, a Reuters poll showed.
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