Hello,
No, I do not think that the cutoff would be decreased any time soon as it is observed during the recent years that the number of top scorers are increasing at quite a good rate. And in this year only we observed people also getting a full score so the competition would only increase. You have not mentioned you your category so it is a bit difficult to say but otherwise you have decent score so yes you can expect to get admission in a good college.
Hope it helps.
Good luck.
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