MeT officials said the water level in Jhelum and its tributaries started receding since early this morning after rainfall stopped last night.
The water level at Ram Munshi Bath in the city fell from 20.20 feet at 10.00 AM to 19.60 feet at 6.00 PM, still above the danger mark of 19 feet.
However, at Sangam in south Kashmir, the water level dipped from 22.10 feet at 2.00 AM to 18.70 feet at 6.00 PM, officials of the Irrigation and Flood control department said here.
"Prime Minister Narendra Modi this morning spoke to the Chief Minister Mehbooba Mufti and offered all help from the Centre in dealing with the situation which arose due to incessant rains and flash floods in Kashmir resulting into a flood-like situation," an official spokesman said here.
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He said the Prime Minister assured the Chief Minister that Centre would be ready to help the State administration in its relief and rescue operations.
Thanking the Prime Minister for the gesture, Mehbooba apprised him about the damages to the infrastructure, roads and horticulture sectors due to the unseasonal rains and snowfall.
Meanwhile, Mehbooba today visited various areas in the city to inspect the status of dewatering and administration's response in dealing with the flood-like situation.
The CM visited Lal Chowk, Hari Singh High Street, Maharaja Bazar, Gogji Bagh, Jawahar Nagar, Humhama, Raj Bagh and other areas.
She directed deployment of more pumps in areas like Humhama, Gogji Bagh to drain out excess water at the earliest.
She directed the Flood Control Department to patrol constantly the banks and breach spots on river Jhelum and other streams even though the water levels have started showing signs of recession.
The schools and colleges in the Valley have been closed till Sunday due to flood-like situation while examinations have been put on hold.