With just another week to go before the season ends, it is likely that the cumulative rainfall deficit will remain below 10 percent, marking an overall normal monsoon season for the current year, in line with IMD's forecasts, says Barclays
At almost at the fag end of monsoon season, late rebound in rainfall over most parts of the country like northwest and central regions and some southern states, has reduced deficit. Overall steady increase in water storage level is expected to be beneficial for rabi crops.