The Indian Monsoon story for 2012 has been pretty much volatile so far. It started off late in June vis-à-vis it’s schedule and faced a rough patch in most of the July with alarming fears of another drought year in a span of just three years.
In the last week of July, things improved substantially with the some relieving showers which engulfed major part of the country. As a result of this bounty, the rainfall deficit contracted to just 15% which reached to an humungous level of almost 30% at one point of time.
India inflation story is also looking merrier now as the July Inflation (WPI) has eased to 6.87%, which happens to be a 32 month low. This may ease off more as the rainfall deficit has started it’s southward journey as a result of some blessings from the rain gods.
Read full article @ http://www.finalaya.com/1_636_article_Monsoon_vs_Sensex_The_story_.aspx?pno=1
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