Jagdish, a shepherd, who was grazing his animals had met the tourist, a day before his death near the Kinner Kailash Peak at an altitude of 4,650 meters, 260 km from here, they said, adding the tourist was drenched in rain.
While Jagdish came back from the hill, the tourist decided to stay in a cave there.
"When I went up today, I found the burnt body of the tourist in a cave and immediately informed village head of Ribba who in turn informed the SDM about the incident," he told police.
The body is being evacuated at present, the police said.
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The deceased is yet to be unidentified and the body would be brought to Reckong Peo by tomorrow.
The exact cause of death was yet to ascertained, police said.
The Yatra was officially closed on August 11 and the administration had asked people not to venture to Kinner Kailash.