NCDEX launched RAINCHNNAI, a rainfall-based weather futures contract, enabling participants to hedge Northeast Monsoon risks. Covering September-December, the cash-settled contract uses IMD rainfall data and complements RAINMUMBAI, expanding exchange-traded tools for managing weather-linked financial exposure.

NCDEX launched RAINCHNNAI, a futures contract allowing market participants to hedge Chennais Northeast Monsoon risks. Utilizing a Cumulative Deviation Rainfall model, it…

NCDEX launches Chennai rain futures to help participants hedge financial risks from the North-East monsoon's rainfall variability.