The yield on India’s 10-year G-Sec hovered around 7.37%, easing from three-year highs as investors stepped in to seek value after a sharp selloff, with heavy purchases by local lenders, particularly state-run banks, helping support prices. However, gains remained limited ahead of INR 312 billion in state debt sales and the RBI’s INR 250 billion open market bond sale, while another INR 340 billion auction is scheduled for Friday. Yields have risen 20 basis points over four sessions since the RBI raised its policy rate by 25 basis points and shifted to a calibrated tightening stance. Expectations of further rate hikes strengthened after September inflation accelerated to 5.54%, while Brent crude remained above $105 a barrel. Investors also awaited US inflation data for clues on the Federal Reserve’s policy outlook.