Indian 10-year bond yield may ease to 6.75-7% by March despite possible rate hike: SBI Research

SBI Research expects India’s 10-year government bond yield to ease to 6.75%-7% by March 2027, even if the RBI raises the repo rate by 50 basis points to 6%. The report estimates an excess supply of ₹1.52 lakh crore in the Indian government bond market, but says lower borrowing requirements following bond switches and buybacks could support yields.