India bonds trim losses as soft CPI sparks late value buying into calmer inflation outlook

A softer CPI pulled buyers in at the end

Indian government bonds pared most of their losses on Monday as inflation came in softer than expected, drawing late-session value buyers. The move eased worries about rising price pressures after oil surged following the collapse of U.S.-Iran peace talks, as traders recalibrated expectations for future inflation and interest-rate direction.