India’s fiscal optics look tidy, but swelling state borrowings are distorting bond yields, overwhelming demand and blunting the RBI’s liquidity toolkit.
Yield Scribe
January 6, 2026 at 3:37 AM IST
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State governments’ borrowing programme needed a fix three months ago and is now proving difficult to stabilise.
November 12, 2025 at 2:54 AM IST
India’s central bank’s surprise rejection of bids in a seven-year bond sale soothed markets briefly, yet underlying demand-supply tensions remain entrenched.
November 2, 2025 at 3:13 PM IST