Indian government bonds faced pressure early Monday. Escalating U.S.-Iran tensions pushed oil prices higher. This overshadowed recent supportive measures from the Reserve Bank of India. The central bank had announced steps to boost foreign investment in government securities. Higher oil prices impact India's inflation and current account deficit. Bond yields moved inversely to prices.

Indian government bonds faced pressure early Monday. Escalating U.S.-Iran tensions pushed oil prices higher. This overshadowed recent supportive measures from the Reserve Bank of…

The yield on the benchmark 6.48% 2035 note was at 6.9758% as of 10:30 a.m. IST, after closing at 6.9772% on Friday after the policy decision. Yields move inversely to bond…