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A $23 Billion Stock drop that's just the tip of India's water risk

2015-06-18 12:44:10| Beverages - Topix.net

Few expected India's science minister to cut the monsoon outlook as he unveiled a weather forecasting system on June 2. The surprise contributed to a 1.5-trillion-rupee two-day slump in the nation's equities. The rupee also slid as Harsh Vardhan's prediction of weaker rainfall stoked concern that reduced farm output may hurt the economy.

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