-116.67
-49.85
-234.00
-3,958.00
-16,540.00
-116.67
-49.85
-49.85
-234.00
-234.00
-3,958.00
Updated - June 07, 2026 at 11:00 AM.
1. The South-West Monsoon, a key weather event for India that makes up over 75 per cent of the annual rainfall, has set in over Kerala this morning, the India Meteorological Department (IMD) said.
2. There is an 80 per cent chance of an El Nino event emerging between June and August 2026, with the chances of this continuing until at least November near or above 90 per cent, says the latest update from the World Meteorological Organization.
3. Storage in India’s 166 major reservoirs dropped below 30 per cent of the total capacity, even as nearly four of five dams were half empty this week, data from the Central Water Commission (CWC) showed.
4. India has set a target of 373.93 mt for the 2026-27 crop year (July-June). This includes 151 mt of rice, 121.5 mt of wheat, 28.42 mt of pulses, 18.08 mt of nutri-cereals and 52.50 mt of maize. The lower target fixed for rice and maize from the actual production is seen as a realistic move amid the threat of El Nino on the monsoon after the India Meteorological Department predicted ‘below normal’ rainfall.
5. After having been net sellers of gold in March, central banks turned net buyers of the precious metal in April, led by Poland and China, data from the World Gold Council (WGC).showed.
Published on June 7, 2026
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