India's 10-year government bond yield falls below 7.15% due to lower inflationary pressures and easing core prices, indicating lower inflationary pressure in the future. The annual retail inflation in India rose 5.69% in December, but core inflation was estimated at 3.8%-3.89%, lower than in November. As inflationary pressures ease, the chances of a change in stance of the Reserve Bank of India's Monetary Policy Committee in February are increasing.