The yield on India’s 10-year G-Sec rose to around 6.7%, extending gains for the third consecutive session, as surging oil prices and prolonged geopolitical tensions fueled selling pressure. Crude prices climbed sharply after President Donald Trump signaled that the standoff with Iran could continue for several more weeks, raising concerns over imported inflation. The move was compounded by a weak Indian rupee and sustained foreign portfolio outflows, which reduced demand for local debt. Gains in yields were partly offset by active intervention from the Reserve Bank of India, which has stepped up bond purchases to stabilize markets. Traders expect the benchmark yield to trade within a 6.62%–6.72% range in the near term, with oil prices and geopolitical developments likely to remain the main drivers.