Govt expects better monsoon rains this year
If the outlook turns out correct, it will be another shot in the arm for Prime Minister Narendra Modi's efforts to revive the economy after the RBI unexpectedly cut its policy rate for the second time this year on Wednesday.
New Delhi Last Updated: May 18, 2015 | 17:10 IST
Good rains this year could cause the RBI to continue to take the axe to rates. Photo: Reuters