New Delhi, April 14 -- Indias fixed income market is expected to remain cautious in the near term, with bond yields likely to stay elevated due to persistent global inflation risks and domestic policy uncertainty, according to a report by Union Bank of India.
The report noted, Overall, the market bias remains cautious, with yields likely to stay elevated amid inflation risks and policy uncertainty, adding that any short-term gains in bond prices are likely to be driven by technical factors rather than a fundamental improvement in economic conditions, reported ANI.
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