Question
NCDEX launched India’s first exchange-traded weather
derivatives contract named ‘RAINMUMBAI’. The contract is scheduled to be implemented on which date?Solution
NCDEX launched ‘RAINMUMBAI’, India’s first exchange-traded weather derivatives contract, scheduled to be implemented on June 01, 2026. The contract is designed to hedge financial exposure of rainfall extremes in Mumbai and its surrounding area. The contract was developed in collaboration with IIT-B and anchored in IMD rainfall data.
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