MUMBAI -- Indications of a strong monsoon in India could be a boon for the country's central bank as the impact of its dovish policy, including a frontloading of key policy rate cuts last week, percolates down to the real economy.
Economy
India's promising monsoon could give boost to RBI's growth push
Ample, timely rains could check inflation and maintain rural consumption
Men walk along a road in Mumbai on May 25, the day before the early arrival of the monsoon. By helping keep food inflation in check through enabling robust harvests, a strong monsoon should boost rural consumer spending and thereby support overall economic growth. © Getty Images
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