New Delhi, Aug. 7 -- Weak monsoon conditions and a weaker rupee have put pressure on India's agrochemical sector, with domestic demand remaining subdued, although demand has started showing signs of recovery since July while exports continue to remain relatively stronger, according to a report by Equirus Capital.

The report said the southwest monsoon remained significantly below normal, with cumulative rainfall around 38 per cent below the long-period average (LPA).

The weak rainfall affected agricultural activity and weighed on demand for agrochemicals and fertilizers in the domestic market. At the same time, the depreciation of the rupee increased the cost of imported raw materials, adding pressure on companies operating in the sector...