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Forget stocks, you can now profit from Mumbai rains! Here's how NCDEX's unique weather futures work
NCDEX has launched Indias first exchange-traded weather derivative contract, RAINMUMBAI, allowing traders and businesses to hedge against rainfall variability during the monsoon season. The contract is linked to Mumbai rainfall deviation data from IMD and aims to help weather-sensitive sectors manage financial risks arising from excess or deficient rainfall.
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economictimes.indiatimes.com
NCDEX launches India’s first weather derivatives contract based on Mumbai rainfall
NCDEX has announced Indias first SEBI-approved exchange-traded weather derivatives contract, “RAINMUMBAI”, aimed at helping market participants hedge risks arising from monsoon…
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thehindubusinessline.com
NCDEX pilots derivative based on Mumbai monsoon
NCDEX launches RAINMUMBAI, a rainfall derivatives contract for Mumbai's monsoon, enhancing risk management for diverse investors.
