Above-normal monsoon may ease food prices: Govt
Business Standard|April 26, 2024
FinMin report says rupee expected to remain within comfortable range
RUCHIKA CHITRAVANSHI
Above-normal monsoon may ease food prices: Govt

With the prediction of an above normal monsoon in 2024, the government is expecting food prices to come down, the finance ministry's monthly economic report for March has said.

The report, released on Thursday, said robust foreign inflows and comfortable trade deficits were expected to keep the rupee within a comfortable range.

"Further easing of food prices is on the anvil as IMD (India Meteorological Department) has predicted above-normal rainfall during the monsoon season, which is likely to lead to higher production, assuming good spatial and temporal distribution of the rainfall," the monthly report, released by the Department of Economic Affairs, said.

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هذه القصة مأخوذة من طبعة April 26, 2024 من Business Standard.

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