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MUMBAI: Borrowing rates in India may not come down in a hurry. Banks are not buying higher yielding sovereign bonds, parking their surplus funds at the central bank’s repo window instead, causing the gap between the benchmark bond yield and the repo to widen to 163 basis points. “Rising bond yields on top of already…

​It’s starting to look like India’s sovereign bond market is on the brink of a prolonged rout.Bloomberg|Dec 06, 2019, 11.37 AM ISTAgenciesThe decision by the Reserve Bank of India spurred speculation that it has run out of ammunition after slashing rates five times this year.By Kartik GoyalIt’s starting to look like India’s sovereign bond market…