Indian government bonds plummeted on Monday, as surging oil prices and rising U.S. Treasury yields weighed on sentiment. The benchmark 6.48% 2035 bond yield was at 6.8261% as of 10:30 a.m. IST, up 9 basis points, and after closing at 6.7369% on Friday. Bond yields move inversely to prices. The market is already grappling with heavy debt supply and uncertainty over the central bank's continued support. Indian rupee plunged to a fresh record low of 93.94 against the dollar amid pressure from oil and U.S. yields.