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 used by a wide range of stakeholders like farmers, construction companies, power utilities, banks with agricultural loan portfolios, and logistics operators, a release from NCDEX said.

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.