Consumer prices probably rose 3.24 percent in August from a year earlier, according to the median estimate in a Bloomberg survey of economists before an official report due later Tuesday. That’d be faster than July’s 2.36 percent pace, but within the RBI’s projected range of 2 percent to 3.5 percent for the April-September period. “Neither from the demand side, nor the supply side could one be led to believe that inflation can skyrocket from current levels,” said Iyer of Kotak Mahindra Asset, which oversaw 1.01 trillion rupees ($15.8 billion) at the end of June. The money manager’s bond funds are primarily invested in the seven-to-12-year segment of the sovereign yield curve, she said. India’s benchmark 10-year yield was little changed at 6.57 percent in Mumbai on Tuesday, having risen 13 basis points from Aug. 1.