The RBI refrained from draining excess cash in its December review as it didn't see ample liquidity, which crashed short term rates, fueling inflation
Overseas funds have long sought greater access to Indian bonds, drawn to an economy where the yields are among Asia's highest
The bond market participants see the yields falling by another 15-20 basis points from the present level
The government is likely to borrow Rs 2.48 trillion ($34 bn) in the six months to March 31, or Rs 200 bn less than the budgeted estimate