Indian Government Bond Yields are influenced by multiple factors, including the monetary policy actions of the Reserve Bank of India (RBI), which directly affect domestic interest rates and liquidity. Additionally, the U.S. Federal Reserve's decisions, especially regarding interest rates, impact global market conditions and capital flows, influencing Indian yields. Inflation expectations and short-term interest rates also play pivotal roles, as higher inflation leads to demands for higher yields to compensate for decreased purchasing power. Together, these factors create a dynamic environment shaping bond yields in India.