• On Monday, the 10-year benchmark government bond (6.48% GS 2035) opened 1 bp up at 7.01%, as Brent crude oil prices inched up from the close on Friday, amid a lack of progress in US-Iran peace talks. • Market participants-maintained caution ahead of RBI’s MPC meeting outcome on Friday. • The INR closed at 95/$, with DXY hovering around 99 levels. • 10Y yield closed 2 bps up at 7.02% vs 7.00%. • The latest banking system liquidity stayed in surplus of ~INR 1.39 Tn
