Key Points
Underlying sentiment also remains positive, after the Reserve Bank of India surprised the market with a status quo on its policy rate on Thursday..
Indian government bond yields are expected to rise marginally in the early session on Monday, tracking a rise in U.S. yields..
U.S. yields rose on Friday, after data showed the U.S. economy maintained a strong pace of hiring in March, as non-farm payrolls increased by 236,000 jobs last month, while data for February was revised higher to show 326,000 jobs were added instead of 311,000 as previously reported..
Most market participants now expect a prolonged pause, even though RBI Governor Shaktikanta said that the central bank stood ready to act against inflation if conditions warranted, and the decision was a pause and not a pivot...
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