Rate cut cycle: ETMarkets Smart Talk: US Fed could take a pause in Sept but RBI may consider a rate cut cycle in April–June 2024: Devang Shah
"Given that Indian bonds are largely domestic owned, one shouldnt expect any major sell-off in response to the US rise in yields nor should one expect a dramatic depreciation in the rupee. From an investors standpoint, the current levels on 10-year bond yields remain attractive and we believe that they may continue to trade in a range of 7-7.30 bps. The yields can trend higher only if we see RBI hiking rates beyond 6.5%"
Source: indiatimes.com