Bond yields ease as crude steadies ahead of Fed decision
The benchmark yield dipped to about 7.47%, but a weak rupee near 95 per dollar and a big state loan auction kept traders cautious.
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India's benchmark 2036 bond yield fell 1 basis point to 7.4732% in early trade on Tuesday as Brent crude slipped about 1% to $114.5 a barrel.
The rupee was steady at 95.22 per dollar after three days of losses.
A fund manager said the RBI could raise rates between meetings if crude stays above $100 and the rupee weakens towards 96.