India's bond market experienced a mixed reaction to the RBI's 50 bps rate cut and shift to a neutral stance. Short-duration bonds rose, while long-duration bonds fell, fueled by uncertainty over future cuts despite increased liquidity.

• RBI cut rates by 50 bps, stance shifted to neutral.
• The 10-year bond yield rose to 6.2373% on Friday.
• CRR cut to 3% to inject ₹2.5 trillion into banks.