Indian government bond yields were lower in early trade on Wednesday on the back of an overnight drop in oil prices, which could help contain rising inflation.

The mood remains positive after the Reserve Bank of Indiasaid in its monthly bulletin released earlier this week that retail inflation is set to ease from September levels, while economic activity is expected to expand.

The benchmark Indian 10-year government bond yield was 7.3955% as of 04:30 GMT. The yield ended at…