New Delhi, March 28 -- India's benchmark 10-year government bond yield rose sharply by 6 basis points to 6.93 percent on Friday, up from 6.87 percent in the previous session, reflecting rising concerns over inflation and potential monetary policy tightening by the Reserve Bank of India.

The increase comes amid elevated global crude oil prices, with Brent crude crossing USD 100 per barrel, intensifying inflationary pressures. At the same time, the rupee weakening past the 94 mark against the US dollar has added to concerns over India's fiscal and external balances, particularly in the backdrop of ongoing geopolitical tensions in West Asia.

Yields Climb on Rising Global and Domestic Pressures

With the latest uptick, the 10-year bond yiel...