Bengaluru/Mumbai, Jan. 3 -- Indian states are likely to borrow a record-high sum of Rs.5 trillion ($55.45 billion) in the January to March quarter, the Reserve Bank of India said in a statement on Friday. Indian government bond market participants were expecting states to issue a record issuance calendar for the last quarter of the financial year, after they raised a total of Rs.7.13 trillion via bond sales in the first three quarters. If the states go ahead with the scheduled amount, this would be their highest-ever quarterly borrowing, and also push their annual borrowing to an all-time high. HTC...