India will lower rates by 100 bps by March 2026, Bank of America official says

India's central bank might start a rate-cutting cycle in December, potentially reducing rates by 100 basis points by March 2026, according to Bank of America's Vikas Jain. With inflation easing and core inflation at a near-record low, a 25-basis-point cut is expected initially. Jain predicts a 10-year bond yield drop to 6.70% and advises buying on price corrections.