Meanwhile, BofA foresees a potential drop in India’s 10-year bond yields, predicting a stabilization of around 6.90% in the next six to eight months. The current yield, exceeding the repo rate by 35-to-40 bps, is reasonable, provided the central bank will decrease interest rates in the short-to-medium term. Following index inclusion, the 10-year bond yield settled at 7.15%, marking a six-bps weekly drop.