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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.
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thehindu.com
India's weather futures debut puts Mumbai rain up for trade
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…
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NCDEX introduces RAINMUMBAI weather future contracts
NCDEX launches RAINMUMBAI, India's first weather futures contract for farmers and utilities to hedge against rainfall variability.
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timesofindia.indiatimes.com
India gets 1st weather derivatives product
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…
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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…
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Short Take: Weather derivatives launched
NCDEX launches weather derivatives for traders to hedge against rainfall fluctuations in Mumbai, starting May 29.