Indian government bonds ended little changed Tuesday, as gains from firmer U.S. Treasuries and softer oil after Lebanon announced a partial Hezbollah-Israel ceasefire were capped by caution ahead of the Reserve Bank of India's policy decision.Brent crude and U.S. Treasury yields eased in Asian trade, taking some pressure off ‌India's oil-sensitive ⁠curve.The 6.48% ⁠2035 yield ended at 7.0129%, compared with 7.0181% on Monday. Yields move inversely to ​bond prices.Traders are bracing for a difficult RBI decision as the Middle East energy shock ​and a weak monsoon threaten to squeeze growth while fanning inflation. The repo rate stands at 5.25%.Nearly 80% of economists in a Reuters poll ​expect the central bank to keep rates unchanged ⁠at Friday's ‌meeting. Still, Standard Chartered, Capital Economics, ANZ, MUFG and OCBC ​expect a hike.The ​RBI is also expected to update inflation and ⁠growth forecasts for 2026-2027 to reflect the fallout from the ​Iran war."We expect the MPC to maintain the current ​policy rate at this meeting," said Umesh Sharma, debt chief investment officer at Wealth Company Mutual Fund, but said he expects a "distinctly hawkish tone," with guidance focused on energy and food risks, and possible currency-stabilising steps.Nomura expects the RBI to shift its liquidity stance to "neutral" from "adequate" while retaining a ‌data-driven, agile bias.India's oil vulnerability remains in focus as it imports nearly 90% of its crude needs. The rupee has ​slumped to record lows ​since the Iran ⁠war began and the equity market has slipped to seventh place globally in market capitalisation.Growth is seen easing to 7.2% in January-March, down from a better-than-expected ​7.8% in the previous quarter.RATESOvernight indexed swap rates eased, tracking lower oil and U.S. Treasury yields.The one-year swap eased 2.25 bps to 6.09%, while the two-year rate fell 3 bps to 6.2975%.The five-year rate dropped 4.5 bps to end at 6.6%.