NCDEX has launched RAINCHNNAI, a rainfall-based weather derivatives futures contract for Chennai.
Chennai rainfall gets its own futures

NCDEX has launched RAINCHNNAI, a rainfall-based weather derivatives futures contract that allows market participants to hedge financial risks linked to…

NCDEX Financializes India's Climate Risk with First-Ever 'RAINMUMBAI' Weather Futures
NCDEX launches rainfall-based weather futures

The National Commodities and Derivatives Exchange (NCDEX) has announced the launch of ‘RAINMUMBAI’, India’s first SEBI-approved exchange-traded weather derivatives contract.