Weak monsoon forecast threatens India’s rural consumption and inflation outlook

India’s weak monsoon outlook is adding to concerns over inflation, economic growth and bond-market stability, with the biggest near-term risk seen in , a key engine of the country’s economy. Bloomberg reports that the forecast has raised the possibility that the Reserve Bank of India may face pressure on interest rates, while a separate report says investors are already pushing Indian bond yields higher as they weigh rate risks and the government’s fiscal position.