New Delhi [India], September 4 (ANI): Strengthening El Nino conditions and a return of the Indian Ocean Dipole (IOD) to neutral are raising downside risks to the monsoon, with rainfall in September projected to be below 94 per cent of the long-period average (LPA), ICICI Bank said in a report.
The bank said the monsoon had already weakened in August, with rainfall 16 per cent below LPA, taking the cumulative deficit as of August-end to 14 per cent. The outlook for September remains cautious as El Nino conditions intensify and support from the IOD fades.
“Outlook for September remains cautious, with IMD projecting below-normal rainfall during September (
Strong El Nino, projected below-normal September rainfall raise risks for monsoon outlook: Report
