MUMBAI, March 9 -- Government bond yields rose on Monday as a sharp surge in global crude oil prices stoked fears of higher inflation and delayed monetary easing, offsetting the Reserve Bank of India's (RBI) move to inject Rs.1 trillion of liquidity through open market operations.

The yield on the 10-year benchmark government bond rose 8 basis points to 6.76%. It had closed at 6.68% on Friday.

Brent crude futures for May delivery jumped over 20% in trading on Monday to near $120 a barrel, the highest since June 2022, as the US-Israel conflict with Iran continued, prompting some major West Asian producers to cut supplies and raising fears of prolonged disruption to shipments through the Strait of Hormuz. Crude prices are currently tradin...