US Fed's hawkish stance dampens India's bond rally as yields rise amid expectations of imminent rate hikes.

India's bond yields are expected to remain stable as markets await details on the US-Iran peace deal and state debt supply.

The yield on the benchmark 6.94% 2036 note was at 6.8563% as of 10:30 am, after closing at 6.8651% on Tuesday.

Indian government bonds saw their rally pause on Wednesday. Oil prices stabilized, and the US Federal Reserve's upcoming policy decision kept investors cautious. The benchmark…