The yield on India’s 10-year G-Sec rose around 6.6%, reversing some losses from the previous week, as traders adjusted positions ahead of a heavier state debt supply and persistent liquidity tightness. Indian states plan to raise around 355 billion rupees through bond sales this week, significantly higher than recent auctions, adding near-term supply pressure to the market. Tight liquidity conditions and continued year-end foreign outflows further weighed on demand, prompting dealers to seek higher yields. The rise, however, remained contained after the Reserve Bank of India announced bond purchases totalling 2 trillion rupees over four weeks, including a 500-billion-rupee operation later today. Some traders also believe the RBI had already been active in the secondary market, reinforcing expectations that the central bank is keen to prevent a rapid climb in yields.