Private weather forecasting agency Skymet on Wednesday predicted the southwest monsoon would be normal this year.
The projection came a day ahead of the Reserve Bank of India’s monetary policy, which is widely expected to hold interest rates. But the forecast of a normal monsoon, which might propel farm growth and lower food inflation, will stoke expectations of a rate cut.
Skymet said the monsoon this year could be 100 per cent of the long period average (LPA) with a model error of plus and minus 5 per cent. A normal monsoon is in the range of 96-104 per cent