IMD says monsoon to be above normal, markets up

NEW DELHI, April 12: India will get a more than normal monsoon this year, the India Meteorological Department announced on Tuesday. IMD Director General Laxman Singh Rathore said the monsoon would be 6 percent above normal this year after two years of deficient rainfall. It was 14 percent less last year. Expectations of above average monsoon rains and a healthy expansion in industrial production, along with value buying, swelled the Indian equity markets on Tuesday. (IANS)