India’s annual monsoon rains should revive in two days after a 10-day lull, the weather office said on Monday, raising hopes for a pick-up in soybean planting in the world’s biggest edible oils buyer. The June-September rainfall, which irrigates 60% of the country’s farms and drives rural incomes, is vital for the trillion-dollar economy. A healthy rainfall despite the slow progress could help Prime Minister Manmohan Singh tame high double-digit food...

India’s annual monsoon rains, key to farm output and economic growth, are expected to be better than previously forecast, raising prospects of good harvests and possibly helping to cool double digit food inflation. The monsoon rains, which deliver 75-90% of the country’s rainfall, were expected at 102% of the long-term average, government officials said on Friday, raising an earlier forecast of 98%. Bountiful rains despite slow progress of the June-September monsoon will...

India's annual monsoon rains, vital to the trillion-dollar economy's farm output and economic growth, were 11.1 percent below normal for June 1-23, sources at the weather office said on Thursday. "We are still hopeful of an improvement in rainfall by June end," a senior official at the India Meteorological Department, who could not be named as he is not authorised to speak to the media, said. On Wednesday, the Met...

The monsoon is expected to further advance across Bihar, Chhattisgarh and Jharkhand over the next three to four days marking intensified rainfall activity, meteorologists said today. Rainfall from June 17-23 was subdued, 21 per cent below the expected normal levels. But weather features suggest that a spell of wet weather lies in the week ahead. “Overall, things appear to be getting better for the season,” said Damodar Pai, a senior...

India's food inflation accelerated in mid-June, maintaining pressure on the Reserve Bank of India to tighten monetary policy at a faster pace. India's food price index rose 16.90 per cent in the year to June 12, higher than the previous week's annual reading of 16.12 per cent, government data released on Thursday showed. The fuel price index remained unchanged at 13.18 percent in the year to June 12. The yield...