 "India's monsoon rains 11% above average in past week")
Private weather forecasting agency Skymet on Monday said the monsoon this year in India was likely to be ‘below normal’ at 95 per cent of the long-period average (LPA).
A deficit monsoon could impact the Reserve Bank of India’s (RBI’s) monetary policy stance and compel the central bank to go for a prolonged pause on interest rates.
The LPA is the average rainfall that India received during the past 50 years, and it is estimated to be around 88.7 cm (887 mm).
If the forecast turns out to be accurate, it would mean India would experience less-than-normal rains in the
