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Market Impact: 0.55
El Niño Puts India on Track for Its Driest Monsoon Since 2009
Source: Bloomberg
Natural Disasters & WeatherInflationCommodities & Raw MaterialsEmerging Markets
India is on track for its driest monsoon in 17 years as strengthening El Niño conditions suppress rainfall. The weather shock threatens agricultural yields and could lift food prices, worsening inflation risks in a major emerging-market economy.
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