India will auction a new 10-year benchmark bond of 340 billion rupees (≈$3.58 bn) on Friday, maturing in 2036.
The existing 6.48% 2035 benchmark bond has 2.26 trillion rupees outstanding, with the 10-year yield at 7.0194% on Monday.
Yield has risen 36 basis points since the Feb 28 Middle East war start, amid heightened geopolitical tension and rising oil prices.
State election results provided some market support, limiting further yield movement.