Kotak MF sees India's bond yields confined in tighter ranges

"Oil has been a saving grace no doubt in the recent past. The key trigger is the direction of oil prices - as our sensitivity to this commodity is among the highest," Iyer said.India is due to sell bonds worth 330 billion rupees ($4.14 billion) on Friday which includes 130 billion rupees of a new 10-year bond that will replace the existing benchmark note in coming weeks.

Kotak MF sees India's bond yields confined in tighter ranges
"Oil has been a saving grace no doubt in the recent past. The key trigger is the direction of oil prices - as our sensitivity to this commodity is among the highest," Iyer said.India is due to sell bonds worth 330 billion rupees ($4.14 billion) on Friday which includes 130 billion rupees of a new 10-year bond that will replace the existing benchmark note in coming weeks.