NCDEX has announced Indias first SEBI-approved exchange-traded weather derivatives contract, “RAINMUMBAI”, aimed at helping market participants hedge risks arising from monsoon rainfall fluctuations. The contract, based on IMD rainfall data and developed with IIT Bombay, seeks to create a regulated framework for managing climate-linked financial risks across sectors.

NCDEX has announced Indias first SEBI-approved exchange-traded weather derivatives contract, “RAINMUMBAI”, aimed at helping market participants hedge risks arising from monsoon…

NCDEX launches RAINMUMBAI, a rainfall derivatives contract for Mumbai's monsoon, enhancing risk management for diverse investors.

Mumbai’s rains are set to become a tradable asset in India. India’s National Commodity and Derivatives Exchange (NCDEX) will launch the country’s first exchange-traded weather…

NCDEX launches RAINMUMBAI, India's first weather futures contract for farmers and utilities to hedge against rainfall variability.

MUMBAI: NCDEX on Wednesday said India’s first exchange-traded weather derivatives contract will start trading on May 29. Christened RainMumbai, this derivatives product could be…

NCDEX has launched Indias first exchange-traded weather derivative contract, RAINMUMBAI, allowing traders and businesses to hedge against rainfall variability during the monsoon…