Indian government bonds erased early advances on ​Thursday, as a report stating that the central bank is mulling ‌a rate hike to control the rupee's decline overshadowed ​positive global cues. The benchmark 6.48 per cent 2035 bond ⁠yield was at 7.1225 per cent, as of 10:15 a.m. IST, rocketing back up from a low of 7.0194 per cent hit earlier, and against its ‌previous close of 7.0761 per cent. Bond prices move inversely to yields. [...]