“The RBI is making an attempt to struggle this battle to maintain yields nearer to six%, however there’s a humongous provide of bonds, with market crammed to the brim,” stated Vijay Sharma, govt vp for fixed-income at PNB Gilts Ltd. “Except the market has a view that the RBI will preserve charges right here or carry it down, solely then will they are going to be gung-ho on bonds.”