An error occurred while installing psych (5.1.2), and Bundler cannot continue.
The psych gem does neither install nor run the bundle, In this context I followed the following steps to rectify this error:
1. Update the gems using the following command
gem update
2. bundle install --gemfile
3. gem update psych --platform=ruby
4. bundle install
5. gem update --system
6. gem pristine openssl --version 3.2.0
7. Add the below line to the end of your GEMFILE
gem 'psych', '5.1.1'
Then Run the bundle install
bundle i