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Weak monsoon to be credit negative for India: Moody's

Decline in inflation and flagging private sector consumption as well as investment growth have led the Reserve Bank to cut the policy rate by 75 basis points since January, but the forecast of a weak monsoon season will curtail further rate reductions, the agency said.

Inflation seen staying uncomfortably high in Oct

In a more positive sign, factory output is forecast to have risen 3.5 percent in September from a year earlier, much faster than August's 0.6 percent growth.

Monsoon rains hit mainland two days early

India's annual monsoon rains have hit Kerala two days earlier than expected, weather officials said on Sunday, boosting prospects for a harvest that could spur Asia's third-largest economy.

Monsoon rains and impact on economy

India on Tuesday forecast normal rains for the 2011 monsoon, strengthening the prospect for good farm output, which could help bring relief to Asia's third-largest economy in its battle with high food prices.

India forecasts normal monsoon for 2011

India on Tuesday forecast normal rains for the 2011 monsoon, strengthening the prospect for a good farm output that could help bring relief to Asia's third-largest economy in its battle with high food prices.

State polls, a test for scandal-tainted Congress

Tamil Nadu, Kerala and Pondicherry went to the polls on Wednesday, the first test for the ruling Congress party since it was hit by corruption scandals and high food prices last year.

Food inflation stays high, rate hike seen

Food inflation eased marginally from a year high but stayed at levels enough to keep pressure on annual headline inflation in December and reinforce expectations of a rates hike by the central bank.