Reuters: India's weather office on Thursday stuck to its initial forecast for above average monsoon rains in 2016, boosting hopes for a revival in farm output which could translate into lower food prices and also lower interest rates.
The June-September monsoon rains would be 106 percent of a long-term average, the chief of the Indian weather office said, in the second forecast for the four-month long season.
Monsoon showers, which typically start from June 1 and cover the entire country by the middle...