Stocks● Neutral
Monsoon recovery boosts India reservoir storage to 32% of capacity
Storage in India's 166 major reservoirs rose to 32.38% of capacity, up from 26% a week ago, as monsoon covered the country ahead of schedule. Over half of reservoirs remain half-empty.
Continue with
India's monsoon recovery pushed reservoir storage to 32.38% of capacity, the Central Water Commission said, up from 26% a week earlier. The 166 major reservoirs held 59.443 billion cubic metres of water as of the latest measurement, against a total capacity of 183.565 BCM.
The southwest monsoon covered the entire country one day ahead of its normal schedule. The rainfall deficiency narrowed to 14% over the past week, with the east and northeast regions still 38% below normal and the south 15% below. North-west India recorded a 9% deficit.