Indian bonds were nearly unchanged with the benchmark yield around 7.45% levels early on Thursday, after minutes of the latest policy meeting showed that members of the rate-setting panel indicated more hikes may be needed to curb inflation.
The Reserve Bank of India raised the repo rate to 5.50% earlier this month, its first hike in nearly four years, and shifted its stance to "calibrated tightening" from "neutral", hinting at more hikes.
