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Rainfall derivatives have arrived in India. We need 3 steps to make them work
The new RAINMUMBAI contract covers the monsoon months and makes a payout based on the occurrence and magnitude of predefined weather conditions. It’s different from insurance.
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thehindubusinessline.com
Short Take: Weather derivatives launched
NCDEX launches weather derivatives for traders to hedge against rainfall fluctuations in Mumbai, starting May 29.
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theprint.in
Rainfall derivatives have arrived in India. We need 3 steps to make them work
The new RAINMUMBAI contract covers the monsoon months and makes a payout based on the occurrence and magnitude of predefined weather conditions. It’s different from insurance.